Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Time to Buy?

Japan Airlines Ltd (OTCMKTS:JAPSY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $8.92, but opened at $9.57. Japan Airlines shares last traded at $9.57, with a volume of 42,162 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Japan Airlines Stock Up 2.2%

The firm has a market capitalization of $8.28 billion, a PE ratio of 9.29 and a beta of 0.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.47 and a quick ratio of 1.40. The company has a 50-day moving average price of $8.29 and a 200 day moving average price of $8.78.

Japan Airlines (OTCMKTS:JAPSY) last released its earnings results on Thursday, April 30th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $3.18 billion during the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%. Analysts forecast that Japan Airlines Ltd will post 0.6 earnings per share for the current 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.