Japan Tob (OTCMKTS:JAPAY) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Japan Tob (OTCMKTS:JAPAY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.43 and traded as low as $18.10. Japan Tob shares last traded at $18.20, with a volume of 56,365 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays reiterated an “underweight” rating and issued a $17.00 target price on shares of Japan Tob in a research note on Tuesday, November 25th. Zacks Research upgraded shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $17.00.

Japan Tob Trading Down 0.3%

The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $18.43 and a 200-day moving average price of $16.82. The firm has a market capitalization of $64.63 billion, a PE ratio of 20.00 and a beta of 0.35.

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).