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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down before the market opened on Wednesday . The stock had previously closed at $32.02, but opened at $30.56. Japan Steel Works shares last traded at $30.56, with a volume of 1,011 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of 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 given a Hold rating to the stock. Based on data from MarketBeat, Japan Steel Works currently has a consensus rating of “Moderate Buy”.

Japan Steel Works Trading Down 4.6%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 2.18. The firm has a market capitalization of $4.55 billion, a P/E ratio of 30.56 and a beta of 0.29. The firm has a 50 day moving average price of $28.34 and a two-hundred day moving average price of $30.37.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. On average, equities research analysts expect that The Japan Steel Works, Ltd. will post 0.81 EPS for the current fiscal 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.