THK (OTCMKTS:THKLY) Shares Gap Up - What's Next?

Key Points

• THK Co., Ltd. saw its shares gap up from a previous close of $13.69 to an opening price of $14.36, with last trades at $13.82.
• Analysts have mixed ratings on THK, with Deutsche Bank downgrading it to "sell" while Nomura Securities upgraded it to "strong-buy."
• The company reported a quarterly earnings per share of $0.10 with revenue of $631.98 million, and analysts expect it to post $0.48 EPS for the current fiscal year.

Shares of Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $13.69, but opened at $14.36. THK shares last traded at $13.82, with a volume of 14,451 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded THK to a "sell" rating in a research note on Friday, August 8th. Nomura Securities raised THK to a "strong-buy" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

THK Stock Performance

The stock has a fifty day simple moving average of $13.60 and a 200-day simple moving average of $12.85. The stock has a market cap of $3.52 billion, a P/E ratio of 71.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.06 and a current ratio of 3.00.

THK (OTCMKTS:THKLY - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $631.98 million during the quarter. THK had a return on equity of 1.96% and a net margin of 2.02%. On average, equities analysts expect that Thk Co., Ltd. will post 0.48 earnings per share 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.