THK (OTCMKTS:THKLY) Shares Gap Up - Still a Buy?

Key Points

• THK Co., Ltd. shares experienced a significant gap up in price, opening at $14.62 after a previous close of $14.01, although they traded down to $13.99 by the end of the session.
• Nomura Securities upgraded THK to a "strong-buy" rating, indicating positive market sentiment regarding the company's growth potential.
• For the most recent quarter, THK reported a revenue of $557.16 million with an earnings per share (EPS) of $0.01, while analysts anticipate a projected EPS of $0.48 for the current fiscal year.

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.01, but opened at $14.62. THK shares last traded at $13.99, with a volume of 10,161 shares trading hands.

Wall Street Analysts Forecast Growth

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

THK Trading Up 1.6%

The firm's 50-day simple moving average is $13.52 and its 200-day simple moving average is $12.64. The firm has a market capitalization of $3.70 billion, a P/E ratio of 61.96 and a beta of 0.80. The company has a quick ratio of 2.06, a current ratio of 3.00 and a debt-to-equity ratio of 0.21.

THK (OTCMKTS:THKLY - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.01 EPS for the quarter. THK had a return on equity of 2.34% and a net margin of 2.48%. The business had revenue of $557.16 million for the quarter. Analysts anticipate that Thk Co., Ltd. will post 0.48 EPS for the current year.

About THK

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.