Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase – Here’s What Happened

Japan Tob (OTCMKTS:JAPAY) saw unusually-high trading volume on Friday . Approximately 259,210 shares changed hands during mid-day trading, an increase of 164% from the previous session’s volume of 98,069 shares.The stock last traded at $18.45 and had previously closed at $18.53.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “underweight” rating and set a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Japan Tob Stock Performance

The company has a market capitalization of $65.27 billion, a price-to-earnings ratio of 20.20 and a beta of 0.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.84 and a quick ratio of 1.32. The firm’s fifty day simple moving average is $17.74 and its 200 day simple moving average is $16.25.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).