Jason Industries Inc. (NASDAQ:JASN)’s share price rose 5.3% during mid-day trading on Thursday . The stock traded as high as $2.42 and last traded at $2.37, with a volume of 72,867 shares trading hands. The stock had previously closed at $2.25.

JASN has been the topic of several research analyst reports. Zacks Investment Research cut Jason Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Stifel Nicolaus reduced their target price on Jason Industries from $8.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 5th.

The stock’s market cap is $51.51 million. The firm’s 50 day moving average is $3.48 and its 200-day moving average is $3.55.

Jason Industries (NASDAQ:JASN) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.14. Equities research analysts predict that Jason Industries Inc. will post ($0.11) EPS for the current fiscal year.

In other news, major shareholder Alex Mitchell sold 200,686 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $2.84, for a total value of $569,948.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap acquired 15,330 shares of the stock in a transaction dated Saturday, December 31st. The stock was bought at an average cost of $3.42 per share, with a total value of $52,428.60. The disclosure for this purchase can be found here.

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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