NSK (OTCMKTS:NPSKY) Stock Price Down 5.3% – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY)’s stock price fell 5.3% during mid-day trading on Friday . The stock traded as low as $13.50 and last traded at $13.50. 250 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 5,358 shares. The stock had previously closed at $14.25.

NSK Price Performance

The business has a fifty day moving average price of $14.74 and a 200 day moving average price of $14.75. 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 company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 22.13 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. NSK had a net margin of 2.49% and a return on equity of 3.28%.

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.