NSK (OTCMKTS:NPSKY) Stock Price Down 21% – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY) dropped 21% on Thursday . The stock traded as low as $14.57 and last traded at $14.57. Approximately 1,150 shares changed hands during trading, a decline of 67% from the average daily volume of 3,536 shares. The stock had previously closed at $18.45.

NSK Price Performance

The stock has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $12.16. The firm has a market cap of $3.56 billion, a PE ratio of 34.69 and a beta of 0.37. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.32.

NSK (OTCMKTS:NPSKY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 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.