THK (OTCMKTS:THKLY) Reaches New 12-Month High - What's Next?

Key Points

• THK Co., Ltd. shares reached a new 52-week high of $15.00, closing at $14.53 with a trading volume of 1,342 shares.
• Nomura Securities upgraded THK to a "strong-buy" rating, indicating positive sentiment towards the company's stock.
• The company reported quarterly earnings of $0.01 per share with a net margin of 2.48% and revenue of $557.16 million for the quarter.

Shares of Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.00 and last traded at $14.53, with a volume of 1342 shares traded. The stock had previously closed at $14.25.

Analysts Set New Price Targets

Separately, Nomura Securities raised shares of THK to a "strong-buy" rating in a research note on Tuesday, May 27th.

THK Price Performance

The stock's 50 day moving average is $13.58 and its two-hundred day moving average is $12.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.06 and a current ratio of 3.00. The stock has a market capitalization of $3.81 billion, a PE ratio of 63.74 and a beta of 0.83.

THK (OTCMKTS:THKLY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter. THK had a return on equity of 2.34% and a net margin of 2.48%. On average, equities analysts anticipate that Thk Co., Ltd. will post 0.48 EPS for the current fiscal year.

THK Company Profile

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.