Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase – Time to Buy?

Japan Tob (OTCMKTS:JAPAY) shares saw strong trading volume on Wednesday . 94,301 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 120,619 shares.The stock last traded at $19.38 and had previously closed at $19.97.

Analyst Ratings Changes

A number of analysts recently commented on JAPAY shares. Zacks Research cut shares of Japan Tob from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reissued an “underweight” rating and set a $17.00 price objective on shares of Japan Tob in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

Japan Tob Trading Up 0.4%

The firm has a market cap of $68.64 billion, a PE ratio of 21.24 and a beta of 0.34. The company has a 50-day simple moving average of $18.56 and a 200 day simple moving average of $17.42. The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).