Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – What’s Next?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $24.6050, but opened at $26.09. Japan Steel Works shares last traded at $26.09, with a volume of 1 shares changing hands.

Analyst Ratings Changes

Several brokerages recently commented on JPSWY. Zacks Research lowered shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. The Goldman Sachs Group began coverage on shares of Japan Steel Works in a report on Thursday, September 25th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Japan Steel Works Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 2.18. The stock has a market capitalization of $3.69 billion, a PE ratio of 24.79 and a beta of 0.34. The company’s fifty day simple moving average is $30.72 and its two-hundred day simple moving average is $30.37.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. The business had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. As a group, sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 EPS for the current year.

About Japan Steel Works

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.