Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Still a Buy?

Japan Airlines Ltd (OTCMKTS:JAPSY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $8.5550, but opened at $8.82. Japan Airlines shares last traded at $8.77, with a volume of 2,857 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Japan Airlines from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Japan Airlines Trading Up 2.3%

The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $7.61 billion, a P/E ratio of 8.55 and a beta of 0.42. The company has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $8.79.

Japan Airlines (OTCMKTS:JAPSY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $3.18 billion during the quarter. Japan Airlines had a net margin of 6.84% and a return on equity of 10.96%. On average, sell-side analysts expect that Japan Airlines Ltd will post 0.6 earnings per share for the current year.

Japan Airlines Company Profile

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.