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NSK (OTCMKTS:NPSKY) Stock Price Passes Below 50 Day Moving Average - Here's Why

NSK logo with Industrials background

Key Points

  • NSK Ltd.'s stock price fell below its 50-day moving average of $10.15, reaching a low of $9.88 during recent trading.
  • The company reported a Q2 earnings per share (EPS) of $0.03, missing the consensus estimate of $0.08 by ($0.05), with revenues of $1.30 billion compared to an expected $1.38 billion.
  • NSK maintains a current ratio of 2.12 and a debt-to-equity ratio of 0.31, indicating strong liquidity and low leverage.
  • MarketBeat previews the top five stocks to own by November 1st.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.15 and traded as low as $9.88. NSK shares last traded at $9.88, with a volume of 572 shares trading hands.

NSK Price Performance

The firm's 50-day simple moving average is $10.15 and its 200 day simple moving average is $9.37. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31.

NSK (OTCMKTS:NPSKY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $1.30 billion for 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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