NSK (OTCMKTS:NPSKY) Shares Gap Up - What's Next?

Key Points

• NSK shares gapped up before the open, rising from $14.83 to $15.35 with only 157 shares traded at the higher price, suggesting the move occurred on light volume.
• NSK beat expectations for the quarter with EPS of $0.11 versus $0.08 consensus and revenue of $1.58B versus $1.52B expected.
• The company has a $3.87B market cap, a PE of 37.6, healthy liquidity (quick ratio 1.45, current ratio 2.14), low debt-to-equity (0.32) and a low beta (0.37), indicating conservative leverage and below-market volatility.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $14.83, but opened at $15.35. NSK shares last traded at $15.35, with a volume of 157 shares traded.

NSK Stock Performance

The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $14.85 and a 200 day moving average price of $12.50. The stock has a market cap of $3.87 billion, a PE ratio of 37.62 and a beta of 0.37.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.