NSK (OTCMKTS:NPSKY) Shares Gap Up – Should You Buy?

NSK Ltd. (OTCMKTS:NPSKY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.20, but opened at $15.10. NSK shares last traded at $15.10, with a volume of 666 shares changing hands.

NSK Stock Up 6.3%

The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.54. The stock’s fifty day simple moving average is $14.23 and its two-hundred day simple moving average is $15.01. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 18.19 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last announced its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. NSK had a net margin of 3.24% and a return on equity of 4.45%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion.

About NSK

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.