Japan Steel Works (OTCMKTS:JPSWY) Stock Falls 13.9% – Here’s What Happened
by Mitch Edgeman · The Markets DailyShares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report) were down 13.9% during trading on Friday. The stock traded as low as $16.61 and last traded at $16.61. Approximately 26 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 190 shares. The stock had previously closed at $19.30.
Japan Steel Works Price Performance
The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 18.46 and a beta of 0.46. The stock’s 50 day moving average price is $22.30 and its two-hundred day moving average price is $26.22. The company has a quick ratio of 1.19, a current ratio of 2.33 and a debt-to-equity ratio of 0.30.
Japan Steel Works Company Profile
The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) is a Japanese industrial manufacturer that produces advanced materials, machinery and equipment for customers in a range of industries. Despite its name, the company’s operations extend beyond conventional steelmaking and include large steel castings and forgings, specialized metal products, and industrial machinery.
The company’s products and services include equipment for plastics processing, such as injection molding machines and related systems, as well as machinery used in energy, infrastructure, transportation and other industrial applications.