Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – Here’s Why

Shares of Japan Tob (OTCMKTS:JAPAY) gapped up before the market opened on Friday . The stock had previously closed at $18.41, but opened at $19.47. Japan Tob shares last traded at $19.47, with a volume of 801 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $17.00.

Japan Tob Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31. The company has a market cap of $67.03 billion, a price-to-earnings ratio of 18.88 and a beta of 0.28. The firm has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $18.71.

Japan Tob (OTCMKTS:JAPAY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.69 billion. As a group, analysts predict that Japan Tob will post 1.11 EPS for the current fiscal year.

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).