Zacks Investment Research Lowers THK CO LTD/ADR (OTCMKTS:THKLY) to Sell

THK CO LTD/ADR (OTCMKTS:THKLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “THK CO., LTD. is engaged in the manufacture and sale of components for industrial and transportation equipment. Its products include machinery parts such as linear motion guides and ball screws and transportation equipment parts such as link ball and suspension ball joints. The company’s operating segment consists of Japan, Americas, Europe, China and Others. THK CO., LTD. is headquartered in Tokyo, Japan. “

Shares of THK CO LTD/ADR stock traded down $0.10 during trading on Thursday, hitting $13.34. The company’s stock had a trading volume of 251 shares, compared to its average volume of 31,902. The company has a fifty day simple moving average of $11.87 and a two-hundred day simple moving average of $11.96. The company has a market capitalization of $3.40 billion, a PE ratio of 10.05, a P/E/G ratio of -2.85 and a beta of 2.13. THK CO LTD/ADR has a 52 week low of $8.97 and a 52 week high of $13.77.

THK CO LTD/ADR Company Profile

THK Co, Ltd. manufactures and supplies machinery components worldwide. It provides linear motion (LM) guides, LM actuators, spline nuts, LM strokes, cross roller guides, linear ball slides, flat rollers, slide rails, LM guide actuators, ball splines, linear bushes, precision linear packs, cross roller tables, LM rollers, and slide packs.

Recommended Story: How interest rates affect municipal bond prices

Get a free copy of the Zacks research report on THK CO LTD/ADR (THKLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for THK CO LTD/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THK CO LTD/ADR and related companies with MarketBeat.com's FREE daily email newsletter.