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

Key Points

• NSK stock gapped up before the market opened from $13.95 to $16.1125, with 436 shares changing hands at the gap.
• NSK beat expectations, reporting $0.11 EPS versus $0.08 expected and revenue of $1.58 billion versus $1.52 billion consensus for the quarter.
• Balance-sheet and valuation highlights include a market cap of $3.94 billion, P/E of 38.36, current ratio 2.14 and debt-to-equity of 0.32, indicating strong liquidity and low leverage.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $13.95, but opened at $16.1125. NSK shares last traded at $16.1125, with a volume of 436 shares trading hands.

NSK Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $15.42 and its 200 day simple moving average is $12.96. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 38.36 and a beta of 0.48.

NSK (OTCMKTS:NPSKY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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.

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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