Zacks Investment Research upgraded shares of Jason Industries (NASDAQ:JASN) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $3.75 price objective on the technology company’s stock.

According to Zacks, “Jason Industries, Inc. engages in the manufacturing of Finishing, Seating, Components, and Automotive Acoustics. It produces finishing products, including industrial brushes, buffing wheels, and buffing compounds; supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment manufacturer seating for the heavyweight motorcycles; manufactures engineered non-woven, fiber-based acoustical products; manufactures stamped, formed, expanded, and perforated metal components and subassemblies. Jason Industries, Inc. is headquartered in Milwaukee, Wisconsin. “

Separately, ValuEngine upgraded Jason Industries from a hold rating to a buy rating in a research note on Tuesday, October 2nd.

Shares of JASN stock traded up $0.01 during trading hours on Wednesday, hitting $3.14. The stock had a trading volume of 278,202 shares, compared to its average volume of 87,756. The company has a market capitalization of $92.32 million, a P/E ratio of 314.00 and a beta of 0.11. Jason Industries has a twelve month low of $1.68 and a twelve month high of $3.88. The company has a current ratio of 2.19, a quick ratio of 1.48 and a debt-to-equity ratio of -11.40.

Jason Industries (NASDAQ:JASN) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Jason Industries had a negative return on equity of 1.05% and a negative net margin of 0.10%. The business had revenue of $168.42 million during the quarter, compared to analysts’ expectations of $161.40 million. Research analysts predict that Jason Industries will post -0.13 EPS for the current fiscal year.

In related news, major shareholder Wynnefield Partners Small Cap purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average price of $2.54 per share, for a total transaction of $50,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffry N. Quinn sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $2.70, for a total value of $2,700,000.00. The disclosure for this sale can be found here. Insiders have bought 183,651 shares of company stock valued at $484,392 in the last 90 days. Company insiders own 19.20% of the company’s stock.

An institutional investor recently raised its position in Jason Industries stock. Wynnefield Capital Inc. boosted its holdings in Jason Industries Inc (NASDAQ:JASN) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,680,816 shares of the technology company’s stock after acquiring an additional 50,000 shares during the quarter. Jason Industries comprises approximately 5.1% of Wynnefield Capital Inc.’s portfolio, making the stock its 8th biggest holding. Wynnefield Capital Inc. owned about 17.09% of Jason Industries worth $14,557,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 35.97% of the company’s stock.

Jason Industries Company Profile

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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