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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped up prior to trading on Monday . The stock had previously closed at $24.8550, but opened at $26.5950. Japan Steel Works shares last traded at $26.5950, with a volume of 3 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Japan Steel Works in a report on Thursday, September 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Japan Steel Works has a consensus rating of “Moderate Buy”.

Japan Steel Works Trading Up 6.4%

The stock has a market cap of $3.96 billion, a P/E ratio of 26.60 and a beta of 0.29. The firm’s 50 day simple moving average is $29.15 and its two-hundred day simple moving average is $30.31. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. As a group, equities research analysts predict 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.