NSK (OTCMKTS:NPSKY) Shares Down 21% - Here's Why

Key Points

• Shares fell 21% to $14.57 on Thursday (from a prior close of $18.45) on light trading of ~1,150 shares, roughly 67% below average daily volume.
• NSK reported a quarterly earnings beat with EPS of $0.11 vs. $0.08 expected and revenue of $1.58 billion vs. $1.52 billion expected. The stock carries a market cap of about $3.56 billion and a P/E of 34.69.

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

NSK Stock Performance

The firm's 50 day moving average is $14.37 and its 200 day moving average is $12.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14. The stock has a market cap of $3.56 billion, a P/E ratio of 34.69 and a beta of 0.37.

NSK (OTCMKTS:NPSKY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $1.58 billion during 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.

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