THK (OTCMKTS:THKLY) Trading 5.6% Higher - Here's Why

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) traded up 5.6% on Thursday . The company traded as high as $14.16 and last traded at $14.05. 10,505 shares traded hands during trading, a decline of 24% from the average session volume of 13,768 shares. The stock had previously closed at $13.30.

Analysts Set New Price Targets

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

THK Trading Up 3.3%

The company has a market cap of $3.57 billion, a price-to-earnings ratio of 59.74 and a beta of 0.80. The firm has a 50-day moving average price of $13.17 and a 200 day moving average price of $12.40. The company has a current ratio of 3.00, a quick ratio of 2.06 and a debt-to-equity ratio of 0.21.

THK (OTCMKTS:THKLY - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.01 EPS for the quarter. The company had revenue of $557.16 million during the quarter. THK had a return on equity of 2.34% and a net margin of 2.48%. As a group, sell-side analysts forecast that Thk Co., Ltd. will post 0.48 EPS 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.