NSK (OTCMKTS:NPSKY) Shares Gap Down – What’s Next?

NSK Ltd. (OTCMKTS:NPSKY) gapped down before the market opened on Thursday. The stock had previously closed at $14.0430, but opened at $12.90. NSK shares last traded at $12.90, with a volume of 1,247 shares changing hands.

NSK Price Performance

The firm has a market capitalization of $3.16 billion, a PE ratio of 15.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 2.06. The stock has a fifty day moving average price of $14.27 and a 200-day moving average price of $14.58.

NSK (OTCMKTS:NPSKY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.48% and a net margin of 3.24%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion.

About NSK

NSK Ltd. is a Japan-based manufacturer of bearings, precision machinery and automotive components. Founded in 1916 as Nippon Seiko Limited, the company is recognized as one of Japan’s earliest bearing manufacturers and has expanded its operations to serve industrial and automotive customers worldwide.

NSK’s industrial products include ball and roller bearings, linear motion guides, ball screws, precision machinery and related components used in manufacturing equipment, machine tools, robotics and other applications.