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

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped up prior to trading on Monday. The stock had previously closed at $23.08, but opened at $24.70. Japan Steel Works shares last traded at $24.70, with a volume of 38 shares trading hands.

Japan Steel Works Stock Down 6.6%

The business has a fifty day moving average of $23.77 and a 200 day moving average of $25.77. The company has a market capitalization of $3.19 billion, a PE ratio of 23.55 and a beta of 0.41. The company has a current ratio of 2.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. is a Japanese industrial manufacturer that produces large-scale machinery, steel products and specialized equipment for industrial customers. The company serves markets including plastics processing, energy, semiconductor manufacturing, transportation, shipbuilding and defense.

Its industrial machinery operations manufacture equipment used to process plastics and other materials, including injection molding machines, extrusion systems and related machinery. Japan Steel Works also supplies equipment and components used in semiconductor and energy-related applications.

The company’s steel products business produces large forgings and castings for applications such as power-generation equipment, industrial machinery, ships and other heavy industries.