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

NSK Ltd. (OTCMKTS:NPSKY) shares traded up 9.2% on Monday . The stock traded as high as $14.7840 and last traded at $14.7840. 113 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 4,972 shares. The stock had previously closed at $13.54.

NSK Stock Down 0.5%

The company’s 50 day moving average price is $14.29 and its two-hundred day moving average price is $14.88. The firm has a market cap of $3.65 billion, a PE ratio of 17.98 and a beta of 0.61. The company has a current ratio of 2.30, a quick ratio of 1.54 and a debt-to-equity ratio of 0.32.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. NSK had a return on equity of 4.45% and a net margin of 3.24%.The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 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.