Roth Capital Initiates Coverage on Jason Industries (JASN)

Equities researchers at Roth Capital assumed coverage on shares of Jason Industries (NASDAQ:JASN) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $4.50 price target on the technology company’s stock. Roth Capital’s price objective points to a potential upside of 64.84% from the company’s previous close.

Separately, ValuEngine raised Jason Industries from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Jason Industries (JASN) opened at $2.73 on Thursday. The company has a debt-to-equity ratio of -8.26, a current ratio of 2.00 and a quick ratio of 1.34. The company has a market capitalization of $65.18, a price-to-earnings ratio of -0.91 and a beta of 0.38. Jason Industries has a one year low of $0.77 and a one year high of $2.82.

Hedge funds have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC raised its position in shares of Jason Industries by 40.3% during the third quarter. Malaga Cove Capital LLC now owns 91,600 shares of the technology company’s stock worth $136,000 after acquiring an additional 26,300 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Jason Industries by 154.7% during the third quarter. Essex Investment Management Co. LLC now owns 300,141 shares of the technology company’s stock worth $477,000 after acquiring an additional 182,310 shares during the last quarter. Finally, Vaughan David Investments Inc. IL raised its position in shares of Jason Industries by 3,974.3% during the third quarter. Vaughan David Investments Inc. IL now owns 407,431 shares of the technology company’s stock worth $38,914,000 after acquiring an additional 397,431 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

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Jason Industries Company Profile

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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