Japan Steel Works (OTCMKTS:JPSWY) Trading Up 10.4% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price shot up 10.4% during mid-day trading on Thursday . The stock traded as high as $31.3650 and last traded at $31.3650. 1 shares were traded during trading, a decline of 99% from the average session volume of 100 shares. The stock had previously closed at $28.42.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Japan Steel Works in a report on Thursday, September 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Japan Steel Works has a consensus rating of “Moderate Buy”.

Japan Steel Works Price Performance

The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 30.50 and a beta of 0.29. The business has a 50-day moving average price of $28.25 and a two-hundred day moving average price of $30.29. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22.

Japan Steel Works (OTCMKTS:JPSWY) last posted its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. The company had revenue of $444.78 million during the quarter, compared to the consensus estimate of $428.31 million. As a group, research analysts anticipate that The Japan Steel Works, Ltd. will post 0.81 EPS 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.