NSK (OTCMKTS:NPSKY) Trading Down 9.2% – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY) dropped 9.2% during mid-day trading on Monday . The stock traded as low as $13.77 and last traded at $13.77. Approximately 679 shares were traded during trading, a decline of 84% from the average daily volume of 4,360 shares. The stock had previously closed at $15.1675.

NSK Stock Up 11.1%

The firm has a fifty day moving average price of $15.24 and a 200 day moving average price of $14.04. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 25.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14.

NSK (OTCMKTS:NPSKY) last announced its earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. NSK had a net margin of 2.49% and a return on equity of 3.28%.

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.