Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $30.8150, but opened at $29.7350. Japan Steel Works shares last traded at $29.7350, with a volume of 2 shares changing hands.

Analyst Ratings Changes

JPSWY has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on Japan Steel Works in a research report on Thursday, September 25th. They set a “buy” rating for the company. Zacks Research downgraded shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One equities 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.com, the company currently has a consensus rating of “Moderate Buy”.

Japan Steel Works Price Performance

The company’s 50-day moving average is $31.38 and its 200-day moving average is $30.19. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 29.70 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.15.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $444.78 million for the quarter, compared to the consensus estimate of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.55%. On average, research analysts expect that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

About Japan Steel Works

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.