Jason Industries Inc (NASDAQ:JASN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.36 and last traded at $3.36, with a volume of 238561 shares changing hands. The stock had previously closed at $3.19.
A number of equities analysts have issued reports on JASN shares. Roth Capital started coverage on Jason Industries in a research note on Thursday, January 4th. They set a “buy” rating and a $4.50 price target for the company. ValuEngine raised Jason Industries from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Jason Industries from a “hold” rating to a “sell” rating in a research note on Tuesday.
The company has a debt-to-equity ratio of -8.91, a quick ratio of 1.32 and a current ratio of 2.02. The stock has a market capitalization of $85.14, a P/E ratio of -12.41 and a beta of 0.38.
In related news, major shareholder Wynnefield Partners Small Cap acquired 50,000 shares of Jason Industries stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of $2.75 per share, with a total value of $137,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Keith Alan Walz acquired 28,500 shares of Jason Industries stock in a transaction dated Thursday, March 8th. The shares were bought at an average cost of $2.95 per share, with a total value of $84,075.00. The disclosure for this purchase can be found here. Company insiders own 20.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Jason Industries by 87.7% during the 4th quarter. Renaissance Technologies LLC now owns 712,800 shares of the technology company’s stock worth $1,689,000 after acquiring an additional 333,000 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in shares of Jason Industries by 3,974.3% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 407,431 shares of the technology company’s stock worth $38,914,000 after acquiring an additional 397,431 shares in the last quarter. Skylands Capital LLC boosted its stake in shares of Jason Industries by 117.4% during the 4th quarter. Skylands Capital LLC now owns 336,981 shares of the technology company’s stock worth $799,000 after acquiring an additional 181,961 shares in the last quarter. Terril Brothers Inc. boosted its stake in shares of Jason Industries by 9.5% during the 4th quarter. Terril Brothers Inc. now owns 268,444 shares of the technology company’s stock worth $636,000 after acquiring an additional 23,262 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Jason Industries during the 4th quarter worth $355,000. 32.20% of the stock is owned by institutional investors and hedge funds.
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About Jason Industries
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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