Japan Steel Works (OTCMKTS:JPSWY) Shares Down 5.2% – Should You Sell?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price traded down 5.2% during mid-day trading on Thursday . The company traded as low as $30.3550 and last traded at $30.3550. 5 shares changed hands during trading, a decline of 97% from the average session volume of 175 shares. The stock had previously closed at $32.02.

Analysts Set New Price Targets

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

Japan Steel Works Stock Down 3.1%

The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 29.60 and a beta of 0.29. The business has a 50-day moving average price of $28.35 and a 200-day moving average price of $30.37.

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