Japan Tob (OTCMKTS:JAPAY) Stock Price Up 14.7% – Here’s What Happened

Japan Tob (OTCMKTS:JAPAY) shares rose 14.7% during mid-day trading on Wednesday. The stock traded as high as $17.75 and last traded at $17.4440. 22,078 shares were traded during mid-day trading, a decline of 83% from the average session volume of 127,859 shares. The stock had previously closed at $15.21.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JAPAY shares. Zacks Research upgraded shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. BTIG Research started coverage on Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Japan Tob Price Performance

The stock has a 50 day moving average of $22.08 and a two-hundred day moving average of $20.03. The stock has a market cap of $61.75 billion, a PE ratio of 12.33, a PEG ratio of 0.79 and a beta of 0.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.45 billion. Equities analysts anticipate that Japan Tob will post 1.16 EPS for the current year.

About Japan Tob

Japan Tobacco Inc. is a Japanese company whose principal business is the manufacture and sale of tobacco products. Its portfolio includes cigarette brands such as Winston and Mevius, and the company also offers reduced-risk products and other tobacco-related products. Through its international operations, the company sells tobacco products in markets around the world. Japan Tobacco traces its origins to Japan’s government tobacco monopoly, established in 1898, and became a public company in 1985.