Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Here’s What Happened

Japan Airlines Ltd (OTCMKTS:JAPSY) gapped up prior to trading on Friday . The stock had previously closed at $9.64, but opened at $10.41. Japan Airlines shares last traded at $10.00, with a volume of 2,249 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Japan Airlines Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.46 and a quick ratio of 1.40. The stock has a market cap of $8.78 billion, a P/E ratio of 10.27 and a beta of 0.37. The stock has a 50-day simple moving average of $9.34 and a 200-day simple moving average of $9.80.

Japan Airlines (OTCMKTS:JAPSY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter. The company had revenue of $3.44 billion for the quarter. Japan Airlines had a net margin of 6.57% and a return on equity of 11.07%. Research analysts forecast that Japan Airlines Ltd will post 0.8 earnings per share for the current year.

Japan Airlines Company Profile

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.