NSK (OTCMKTS:NPSKY) Shares Gap Up – Here’s What Happened

Shares of NSK Ltd. (OTCMKTS:NPSKY) gapped up before the market opened on Monday . The stock had previously closed at $14.25, but opened at $16.05. NSK shares last traded at $16.05, with a volume of 307 shares changing hands.

NSK Stock Up 12.6%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 2.30. The stock’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $14.63. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.31 and a beta of 0.61.

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

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.