Jason Industries (JASN) Upgraded to Hold by ValuEngine
ValuEngine upgraded shares of Jason Industries (NASDAQ:JASN) from a sell rating to a hold rating in a report released on Tuesday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Jason Industries from a hold rating to a sell rating in a report on Tuesday. Roth Capital began coverage on shares of Jason Industries in a report on Thursday, January 4th. They set a buy rating and a $4.50 price objective on the stock.
Shares of Jason Industries (NASDAQ:JASN) opened at $3.39 on Tuesday. Jason Industries has a twelve month low of $0.77 and a twelve month high of $3.44. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of -8.91. The company has a market cap of $87.32, a price-to-earnings ratio of -10.59 and a beta of 0.39.
In other Jason Industries news, SVP Keith Alan Walz purchased 28,500 shares of the stock in a transaction on Thursday, March 8th. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $84,075.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Wynnefield Partners Small Cap purchased 50,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average price of $2.75 per share, for a total transaction of $137,500.00. The disclosure for this purchase can be found here. 20.00% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in Jason Industries in the 4th quarter valued at $126,000. Malaga Cove Capital LLC increased its stake in Jason Industries by 40.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 91,600 shares of the technology company’s stock valued at $136,000 after buying an additional 26,300 shares during the last quarter. Deutsche Bank AG acquired a new stake in Jason Industries in the 4th quarter valued at $355,000. Terril Brothers Inc. increased its stake in Jason Industries by 9.5% in the 4th quarter. Terril Brothers Inc. now owns 268,444 shares of the technology company’s stock valued at $636,000 after buying an additional 23,262 shares during the last quarter. Finally, Skylands Capital LLC increased its stake in Jason Industries by 117.4% in the 4th quarter. Skylands Capital LLC now owns 336,981 shares of the technology company’s stock valued at $799,000 after buying an additional 181,961 shares during the last quarter. Hedge funds and other institutional investors own 32.20% of the company’s stock.
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About Jason Industries
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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