Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – Still a Buy?

by · The Cerbat Gem

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $28.30, but opened at $30.50. Japan Steel Works shares last traded at $30.50, with a volume of 3 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JPSWY. Zacks Research downgraded Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. The Goldman Sachs Group assumed coverage on shares of Japan Steel Works in a research note on Thursday, September 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Japan Steel Works currently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on Japan Steel Works

Japan Steel Works Trading Up 5.5%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The company has a market capitalization of $4.36 billion, a PE ratio of 34.43 and a beta of 0.62. The stock has a fifty day moving average of $31.96 and a 200 day moving average of $29.74.

Japan Steel Works (OTCMKTS:JPSWY – Get Free Report) last released its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $444.78 million for the quarter, compared to the consensus estimate of $428.31 million. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. As a group, sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current fiscal year.

Japan Steel Works Company Profile

(Get Free Report)

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.

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