NSK (OTCMKTS:NPSKY) Stock Price Up 11.5% - Here's What Happened

Key Points

• Shares surged 11.5% to $15.55 on Wednesday, but trading was thin at 1,433 shares—about 77% below the average session volume; the stock had closed previously at $13.95.
• Quarterly results beat expectations: NSK reported $0.11 EPS vs. $0.08 expected and revenue of $1.58 billion versus $1.52 billion estimated.
• Solid balance-sheet and valuation metrics: market cap about $3.8 billion, P/E ~37, current ratio 2.14, quick ratio 1.45 and debt-to-equity 0.32; NSK is a long-established Japan-based bearings and automotive components maker.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) shot up 11.5% on Wednesday . The company traded as high as $15.55 and last traded at $15.55. 1,433 shares were traded during trading, a decline of 77% from the average session volume of 6,159 shares. The stock had previously closed at $13.95.

NSK Stock Performance

The company has a fifty day moving average of $15.24 and a two-hundred day moving average of $12.81. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 37.02 and a beta of 0.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14.

NSK (OTCMKTS:NPSKY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $1.58 billion during 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.

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.