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

Key Points

• THK Co., Ltd. shares gapped up, opening at $14.15 after a previous close of $13.60, but last traded at $13.55.
• Nomura Securities upgraded THK to a "strong-buy" rating, while Deutsche Bank downgraded it to a "sell", leading to a consensus of "Moderate Buy" among analysts.
• The company reported $0.10 earnings per share last quarter with revenues of $631.98 million and a projected 0.48 EPS for the current fiscal year.

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.60, but opened at $14.15. THK shares last traded at $13.55, with a volume of 1,103 shares traded.

Wall Street Analysts Forecast Growth

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

THK Trading Down 1.1%

The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 71.74 and a beta of 0.86. The company has a fifty day moving average price of $13.64 and a 200-day moving average price of $12.97. The company has a current ratio of 2.99, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21.

THK (OTCMKTS:THKLY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 EPS for the quarter. THK had a net margin of 2.02% and a return on equity of 1.99%. The company had revenue of $631.98 million for the quarter. On average, equities research analysts predict that Thk Co., Ltd. will post 0.48 EPS for the current 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.