Japan Steel Works (OTCMKTS:JPSWY) Trading Up 5.2% – Here’s What Happened

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) were up 5.2% during mid-day trading on Tuesday . The stock traded as high as $26.0850 and last traded at $26.0850. Approximately 1 shares traded hands during trading, a decline of 100% from the average daily volume of 261 shares. The stock had previously closed at $24.7920.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JPSWY. The Goldman Sachs Group began coverage on shares of Japan Steel Works in a report on Thursday, September 25th. They set a “buy” rating on the stock. Zacks Research downgraded shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Japan Steel Works Trading Down 1.6%

The company has a market cap of $3.82 billion, a price-to-earnings ratio of 25.67 and a beta of 0.34. The firm’s fifty day moving average price is $30.31 and its 200-day moving average price is $30.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.16.

Japan Steel Works (OTCMKTS:JPSWY) last posted its earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $444.78 million during the quarter, compared to analysts’ expectations of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. On average, equities analysts expect that The Japan Steel Works, Ltd. will post 0.81 EPS for the current fiscal year.

Japan Steel Works Company Profile

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.