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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $30.0350, but opened at $32.68. Japan Steel Works shares last traded at $32.64, with a volume of 4 shares trading hands.

Japan Steel Works Price Performance

The stock’s fifty day moving average price is $29.71 and its 200-day moving average price is $30.34. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 35.10 and a beta of 0.27. The company has a current ratio of 2.18, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings data on Monday, February 9th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $417.46 million during the quarter, compared to analyst estimates of $486.28 million. Japan Steel Works had a net margin of 7.41% and a return on equity of 8.81%. As a group, equities research analysts forecast 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.