THK (OTCMKTS:THKLY) Shares Gap Down – Here’s What Happened

Thk Co., Ltd. (OTCMKTS:THKLY) gapped down prior to trading on Monday . The stock had previously closed at $23.55, but opened at $22.3183. THK shares last traded at $22.3183, with a volume of 402 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded THK from a “strong sell” rating to a “neutral” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

THK Price Performance

The company has a current ratio of 2.83, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.38 billion, a PE ratio of 75.23 and a beta of 1.14. The firm has a 50 day moving average price of $19.66 and a 200 day moving average price of $16.14.

THK (OTCMKTS:THKLY) last released its earnings results on Monday, May 11th. The company reported $0.14 earnings per share for the quarter. THK had a return on equity of 1.93% and a net margin of 1.85%.The company had revenue of $440.05 million for the quarter.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.