THK (OTCMKTS:THKLY) Stock Price Down 4.3% – Here’s What Happened

Thk Co., Ltd. (OTCMKTS:THKLY) shares fell 4.3% during trading on Friday . The company traded as low as $19.11 and last traded at $19.11. Approximately 503 shares were traded during mid-day trading, a decline of 88% from the average session volume of 4,300 shares. The stock had previously closed at $19.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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, Based on data from MarketBeat.com, THK currently has a consensus rating of “Hold”.

THK Price Performance

The firm’s fifty day simple moving average is $21.62 and its 200-day simple moving average is $20.20. The firm has a market capitalization of $4.55 billion, a PE ratio of 63.70 and a beta of 1.20. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32.

About THK

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.