Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down before the market opened on Friday . The stock had previously closed at $25.40, but opened at $24.62. Japan Steel Works shares last traded at $24.62, with a volume of 1 shares trading hands.

Analyst Ratings Changes

JPSWY has been the subject of a number of research reports. Zacks Research lowered Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. The Goldman Sachs Group began coverage on shares of Japan Steel Works in a research report on Thursday, September 25th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Japan Steel Works Stock Down 7.1%

The business has a 50 day simple moving average of $30.86 and a 200 day simple moving average of $30.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.16. The stock has a market cap of $3.66 billion, a PE ratio of 24.62 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $444.78 million during the quarter, compared to analyst estimates of $428.31 million. Japan Steel Works had a return on equity of 10.37% and a net margin of 7.97%. On average, equities research analysts forecast that The Japan Steel Works, Ltd. will post 0.81 EPS 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.