Japan Steel Works (OTCMKTS:JPSWY) Stock Price Down 7.3% – Here’s Why

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) fell 7.3% on Friday . The stock traded as low as $23.90 and last traded at $23.90. Approximately 8 shares were traded during trading, a decline of 97% from the average session volume of 247 shares. The stock had previously closed at $25.79.

Japan Steel Works Stock Down 7.3%

The firm has a market capitalization of $3.52 billion, a P/E ratio of 27.47 and a beta of 0.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.33 and a current ratio of 2.41. The stock has a 50 day moving average of $26.78 and a 200-day moving average of $28.56.

Japan Steel Works (OTCMKTS:JPSWY) last posted its earnings results on Wednesday, May 13th. The company reported $0.21 earnings per share for the quarter, topping 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 firm had revenue of $466.91 million during the quarter, compared to the consensus estimate of $575.14 million.

About Japan Steel Works

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.