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NSK (OTCMKTS:NPSKY) Stock Price Passes Above Fifty Day Moving Average - What's Next?

NSK logo with Industrials background

Key Points

  • NSK Ltd. shares have crossed above their 50-day moving average of $10.09, trading as high as $10.37.
  • The company reported Q2 earnings per share of $0.03, missing estimates by $0.05, with revenue of $1.30 billion against a forecast of $1.38 billion.
  • NSK has a strong liquidity position, with a current ratio of 2.11 and a debt-to-equity ratio of 0.30.
  • MarketBeat previews top five stocks to own in November.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.09 and traded as high as $10.37. NSK shares last traded at $10.37, with a volume of 123 shares.

NSK Trading Down 1.1%

The business's 50 day simple moving average is $10.09 and its 200-day simple moving average is $9.31. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 0.30.

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

NSK Company Profile

(Get Free Report)

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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