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

Key Points

• NSK Ltd. shares experienced a significant gap up, opening at $10.75 after closing at $10.18, indicating strong market interest.
• The company reported earnings per share of $0.03 for the last quarter, missing the consensus estimate of $0.08 by $0.05, along with a revenue of $1.30 billion, below expectations.
• NSK has a solid financial position with a debt-to-equity ratio of 0.30 and a current ratio of 2.11, reflecting good liquidity management.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $10.18, but opened at $10.75. NSK shares last traded at $10.75, with a volume of 130 shares.

NSK Price Performance

The firm has a 50 day simple moving average of $9.87 and a two-hundred day simple moving average of $9.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.50 and a current ratio of 2.11.

NSK (OTCMKTS:NPSKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.38 billion.

About NSK

NSK Ltd., together with its subsidiaries, manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts worldwide. Its products include ball bearings; roller bearings; bearing units; super precision bearings; bearings for steel industry, mining and construction, papermaking machines, and pumps and compressors; and bearings for special environments, including sanitary, corrosive, vacuum, cleanroom, high-temperature, non-magnetic requirement, and dust-contaminated environments.

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