THK (OTCMKTS:THKLY) Shares Down 3.8% - Here's What Happened

Shares of Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) dropped 3.8% during mid-day trading on Monday . The company traded as low as $13.32 and last traded at $13.32. Approximately 2,272 shares were traded during trading, a decline of 84% from the average daily volume of 13,867 shares. The stock had previously closed at $13.85.

Analysts Set New Price Targets

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

THK Price Performance

The company has a market cap of $3.41 billion, a PE ratio of 57.09 and a beta of 0.81. 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 stock has a fifty day moving average price of $13.05 and a 200-day moving average price of $12.34.

THK (OTCMKTS:THKLY - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.01 earnings per share (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 during the quarter. On average, equities analysts expect that Thk Co., Ltd. will post 0.48 earnings per share 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.