Jason Industries Inc. (JASN) Hits New 52-Week Low at $2.01
Jason Industries Inc. (NASDAQ:JASN) reached a new 52-week low during trading on Thursday . The stock traded as low as $2.01 and last traded at $2.01, with a volume of 40,843 shares. The stock had previously closed at $2.20.
A number of equities research analysts have commented on the company. 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 research note on Wednesday, May 4th. Stifel Nicolaus reduced their price objective on Jason Industries from $8.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, August 5th.
The stock’s market capitalization is $46.13 million. The company’s 50 day moving average price is $3.10 and its 200 day moving average price is $3.47.
Jason Industries (NASDAQ:JASN) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.14. Equities analysts expect that Jason Industries Inc. will post ($0.11) EPS for the current fiscal year.
In other news, major shareholder Alex Mitchell sold 19,900 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $2.30, for a total value of $45,770.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wynnefield Partners Small Cap bought 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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