Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – Should You Buy?

Japan Tob (OTCMKTS:JAPAY) gapped up before the market opened on Tuesday . The stock had previously closed at $17.96, but opened at $18.77. Japan Tob shares last traded at $18.1140, with a volume of 2,940 shares.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JAPAY shares. Zacks Research upgraded shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Barclays restated an “underweight” rating and set a $17.00 price objective on shares of Japan Tob in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.00.

Japan Tob Stock Performance

The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $18.41 and its 200-day moving average is $16.91. The stock has a market cap of $64.54 billion, a price-to-earnings ratio of 19.97 and a beta of 0.35.

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).