Japan Steel Works (OTCMKTS:JPSWY) Stock Price Down 7.8% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price was down 7.8% during mid-day trading on Tuesday . The company traded as low as $24.15 and last traded at $24.15. Approximately 1 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 255 shares. The stock had previously closed at $26.18.

Japan Steel Works Stock Down 7.8%

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.33. The firm’s 50 day moving average is $27.64 and its two-hundred day moving average is $28.74. The firm has a market capitalization of $3.56 billion, a P/E ratio of 27.76 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY) last released its earnings results on Wednesday, May 13th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. Japan Steel Works had a net margin of 7.01% and a return on equity of 8.48%. The business had revenue of $466.91 million during the quarter, compared to analysts’ expectations of $575.14 million.

Japan Steel Works Company Profile

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.