Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – Here’s What Happened

by · The Markets Daily

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $29.06, but opened at $30.4740. Japan Steel Works shares last traded at $30.4740, with a volume of 1 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Japan Steel Works in a report on Thursday, September 25th. They set a “buy” rating for the company. Zacks Research lowered shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Japan Steel Works

Japan Steel Works Stock Performance

The company has a 50 day moving average of $31.36 and a two-hundred day moving average of $30.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.15. The company has a market capitalization of $4.54 billion, a PE ratio of 30.47 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $444.78 million for the quarter, compared to analysts’ expectations of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. As a group, equities research analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

About Japan Steel Works

(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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