I'm not sure what it is, but I'm having a hard time believing its an MOV. An MOV should be effectively open circuit, if it's good. I would imagine 5-10Megohm DC resistance Also, seems unlikely than an MOV would be used in an output circuit.
Another thought I had was that it's a 40nF capacitor, which would typically be marked "403". Maybe this manufacturer split the 3 off. But still, shoudn't be measuring 15KOhm on a ceramic disc capacitor, if it's good.
My third guess is a PPTC re-settable fuse. Maybe 40V blocking rating, 3A trip or hold current. But again, resistance measurement doesn't seem to make sense unless they are both damaged.