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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $25.40, but opened at $24.62. Japan Steel Works shares last traded at $24.62, with a volume of 1 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on JPSWY. The Goldman Sachs Group initiated coverage on Japan Steel Works in a research note on Thursday, September 25th. They issued a “buy” rating for the company. Zacks Research cut Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Japan Steel Works currently has an average rating of “Moderate Buy”.

Japan Steel Works Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 2.18. The firm has a market capitalization of $3.66 billion, a P/E ratio of 24.61 and a beta of 0.34. The company has a 50-day moving average price of $30.72 and a 200-day moving average price of $30.32.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $444.78 million during the quarter, compared to the consensus estimate of $428.31 million. On average, sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

About Japan Steel Works

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.