Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped up before the market opened on Monday . The stock had previously closed at $24.8550, but opened at $26.5950. Japan Steel Works shares last traded at $26.5950, with a volume of 3 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Japan Steel Works in a research note on Thursday, September 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Japan Steel Works Price Performance

The firm has a market capitalization of $4.05 billion, a P/E ratio of 27.24 and a beta of 0.29. The stock has a 50 day moving average of $28.72 and a two-hundred day moving average of $30.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 2.18.

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