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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped up prior to trading on Monday . The stock had previously closed at $24.97, but opened at $25.5350. Japan Steel Works shares last traded at $25.54, with a volume of 410 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Japan Steel Works in a research note on Thursday, September 25th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Japan Steel Works Stock Performance

The company has a current ratio of 2.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $29.68 and its 200 day moving average is $30.39. The company has a market cap of $3.70 billion, a PE ratio of 24.86 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY) last announced its earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. As a group, research 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.