Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Time to Sell?

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down prior to trading on Tuesday . The stock had previously closed at $35.18, but opened at $31.59. Japan Steel Works shares last traded at $31.66, with a volume of 27 shares.

Analyst Ratings Changes

JPSWY has been the topic of several analyst reports. Zacks Research cut Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. The Goldman Sachs Group initiated coverage on Japan Steel Works in a research note on Thursday, September 25th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Japan Steel Works Stock Performance

The stock has a market cap of $4.73 billion, a P/E ratio of 37.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.15. The company has a fifty day moving average of $32.24 and a 200 day moving average of $29.33.

Japan Steel Works (OTCMKTS:JPSWY) last issued its quarterly 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. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%.The company had revenue of $444.78 million for the quarter, compared to analysts’ expectations of $428.31 million. On average, equities analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share 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.