NSK (OTCMKTS:NPSKY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up pre-market, opening at $16.25 versus the prior close of $15.30 and last trading at $16.25 on light volume (350 shares).
• Beat expectations on the quarter: NSK reported $0.11 EPS versus $0.08 consensus and revenue of $1.58 billion versus $1.52 billion estimated.
• Key financial/technical profile: market cap of $3.98 billion and P/E of 38.69, 50‑day/200‑day moving averages of $15.34/$13.51, low beta (0.48) and moderate leverage (debt/equity 0.32).

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $15.30, but opened at $16.25. NSK shares last traded at $16.25, with a volume of 350 shares trading hands.

NSK Trading Up 0.5%

The business's 50-day moving average price is $15.34 and its 200 day moving average price is $13.51. The company has a market cap of $3.98 billion, a P/E ratio of 38.69 and a beta of 0.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14.

NSK (OTCMKTS:NPSKY - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $1.52 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.

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