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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $25.3250, but opened at $26.75. Japan Steel Works shares last traded at $26.75, with a volume of 1 shares changing hands.

Japan Steel Works Price Performance

The firm’s 50-day moving average is $27.21 and its 200-day moving average is $28.66. The company has a market capitalization of $3.68 billion, a PE ratio of 28.75 and a beta of 0.34. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Japan Steel Works had a return on equity of 8.48% and a net margin of 7.01%.The business had revenue of $466.91 million for the quarter, compared to the consensus estimate of $575.14 million.

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.