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

Shares of Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $13.08, but opened at $13.73. THK shares last traded at $13.20, with a volume of 1,846 shares trading hands.

Analyst Ratings Changes

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

THK Price Performance

The stock's fifty day moving average price is $13.24 and its 200-day moving average price is $12.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.00 and a quick ratio of 2.06. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 56.96 and a beta of 0.80.

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