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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $28.82, but opened at $27.4850. Japan Steel Works shares last traded at $27.4850, with a volume of 4 shares trading hands.

Japan Steel Works Stock Down 4.6%

The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 27.49 and a beta of 0.29. The firm’s 50-day simple moving average is $28.05 and its two-hundred day simple moving average is $30.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.16.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Japan Steel Works had a return on equity of 10.37% and a net margin of 7.97%.The firm had revenue of $444.78 million during the quarter, compared to the consensus estimate of $428.31 million. Sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 EPS for the current fiscal year.

Japan Steel Works Company Profile

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.