Free Trial

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

THK logo with Computer and Technology background

Key Points

  • THK Co., Ltd. (OTCMKTS:THKLY) shares experienced a gap up, opening at $14.50 after previously closing at $13.91, with the latest trade at $14.00.
  • Deutsche Bank downgraded THK to a "sell" rating, while the overall sentiment shows a mix with one analyst rating it as a Strong Buy and the average at "Moderate Buy".
  • For the latest quarter, THK reported earnings per share (EPS) of $0.10 and anticipates a total of $631.98 million in revenue, along with an estimated EPS of 0.48 for the current fiscal year.
  • Five stocks we like better than THK.

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $13.91, but opened at $14.50. THK shares last traded at $14.00, with a volume of 6,120 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut THK to a "sell" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, THK currently has an average rating of "Moderate Buy".

Read Our Latest Research Report on THKLY

THK Trading Up 0.5%

The company has a quick ratio of 2.08, a current ratio of 2.99 and a debt-to-equity ratio of 0.21. The business's fifty day moving average is $13.81 and its two-hundred day moving average is $13.13. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 73.53 and a beta of 0.90.

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. 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. Equities analysts anticipate that Thk Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

THK Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in THK Right Now?

Before you consider THK, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and THK wasn't on the list.

While THK currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.