Japan Steel Works (OTCMKTS:JPSWY) Trading 5.2% Higher – Here’s What Happened

by · The Markets Daily

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report)’s stock price traded up 5.2% on Tuesday . The company traded as high as $26.0850 and last traded at $26.0850. 1 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 261 shares. The stock had previously closed at $24.7920.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. The Goldman Sachs Group started coverage on Japan Steel Works in a research report on Thursday, September 25th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Japan Steel Works

Japan Steel Works Trading Up 5.2%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.16. The firm’s fifty day moving average is $30.58 and its 200-day moving average is $30.37. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 26.09 and a beta of 0.34.

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

Further Reading