Amada (OTCMKTS:AMDLY) Raised to Overweight at JPMorgan Chase & Co.

Amada (OTCMKTS:AMDLY) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday, The Fly reports.

OTCMKTS AMDLY opened at $42.97 on Wednesday. Amada has a 1-year low of $26.75 and a 1-year high of $49.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.65 and a current ratio of 3.61. The firm has a 50-day moving average of $47.67. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 21.38 and a beta of 0.44.

About Amada

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery and equipment in Japan, North America, Europe, China, Asia, and internationally. The company offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and range of tools for bending and punching.

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