THK (OTCMKTS:THKLY) Shares Gap Down – Here’s What Happened

Thk Co., Ltd. (OTCMKTS:THKLY)’s share price gapped down prior to trading on Friday. The stock had previously closed at $20.27, but opened at $19.55. THK shares last traded at $19.55, with a volume of 335 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of THK from a “strong sell” rating to a “neutral” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, THK has a consensus rating of “Hold”.

THK Stock Up 1.6%

The company’s fifty day simple moving average is $21.01 and its 200 day simple moving average is $20.39. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $4.84 billion, a PE ratio of 67.78 and a beta of 1.20.

THK Company Profile

THK Co, Ltd. is a Japan-based manufacturer of motion-control and mechanical components used in industrial equipment and automated systems. The company is best known for its linear motion products, which help machinery move precisely and efficiently along a guided path.

Its product portfolio includes linear motion guides, ball screws, actuators, ball splines, cross-roller bearings, link balls and other mechanical components. These products serve applications in machine tools, factory automation, robotics, semiconductor and electronics manufacturing equipment, transportation equipment, medical systems and other industrial markets.

Founded in Japan in 1971, THK developed what it describes as the world’s first linear motion guide in 1972.