Japan Steel Works (OTCMKTS:JPSWY) Shares Up 8.6% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shot up 8.6% during trading on Friday . The stock traded as high as $29.5732 and last traded at $29.5732. 1 shares traded hands during trading, a decline of 99% from the average session volume of 100 shares. The stock had previously closed at $27.2350.

Analyst Upgrades and Downgrades

Separately, 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Japan Steel Works Stock Up 1.7%

The company has a market cap of $4.01 billion, a price-to-earnings ratio of 26.93 and a beta of 0.29. 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 has a 50-day moving average price of $28.46 and a 200 day moving average price of $30.27.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business 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 7.97% and a return on equity of 10.37%. Sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 EPS for the current year.

Japan Steel Works Company Profile

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.