Jason Industries Inc. (JASN) Shares Down 26.8%
Jason Industries Inc. (NASDAQ:JASN) shares traded down 26.8% during mid-day trading on Thursday . The company traded as low as $2.78 and last traded at $2.82, with a volume of 150,778 shares changing hands. The stock had previously closed at $3.85.
Separately, Zacks Investment Research raised Jason Industries from a “strong sell” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Wednesday, May 4th.
The stock’s 50-day moving average price is $3.76 and its 200-day moving average price is $3.60. The firm’s market capitalization is $59.68 million.
Jason Industries (NASDAQ:JASN) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The company earned $191 million during the quarter, compared to analyst estimates of $189.20 million. Equities analysts predict that Jason Industries Inc. will post $0.19 EPS for the current fiscal year.
In other news, major shareholder Wynnefield Partners Small Cap acquired 15,330 shares of the firm’s stock in a transaction on Saturday, December 31st. The shares were purchased at an average cost of $3.42 per share, with a total value of $52,428.60. The purchase was disclosed in a filing with the SEC, which is available through this link.
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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