Japan Airlines (OTCMKTS:JAPSY) Sees Large Volume Increase on Analyst Upgrade

Shares of Japan Airlines Ltd (OTCMKTS:JAPSY) saw unusually-strong trading volume on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. Approximately 102,933 shares traded hands during trading, a decline of 12% from the previous session’s volume of 116,587 shares.The stock last traded at $7.99 and had previously closed at $8.0130.

Japan Airlines Trading Up 0.4%

The firm has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $8.98. The firm has a market capitalization of $6.94 billion, a P/E ratio of 7.80 and a beta of 0.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.47 and a quick ratio of 1.40.

Japan Airlines (OTCMKTS:JAPSY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%.The business had revenue of $3.18 billion during the quarter. On average, equities research analysts anticipate that Japan Airlines Ltd will post 0.68 earnings per share for the current fiscal year.

About Japan Airlines

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.