LIXIL (OTCMKTS:JSGRY) Trading Down 4.4% – Here’s Why

LIXIL Co. (OTCMKTS:JSGRY) fell 4.4% during mid-day trading on Monday . The stock traded as low as $22.00 and last traded at $22.00. 538 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 666 shares. The stock had previously closed at $23.01.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of LIXIL from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

LIXIL Price Performance

The company’s 50-day moving average price is $23.40 and its 200-day moving average price is $23.62.

LIXIL Company Profile

LIXIL (OTCMKTS: JSGRY) is a Japan-based manufacturer and supplier of building materials and housing equipment. The company’s core product range includes kitchen and bathroom fixtures, plumbing fittings, faucets, toilets and bathtubs, as well as doors, windows and exterior building products. Through its integrated design and manufacturing capabilities, LIXIL delivers both standard and customized solutions for residential, commercial and public sector projects.

The company operates a portfolio of well-known brands, including INAX, American Standard, GROHE and Permasteelisa, reflecting its global footprint in water technology and building systems.