Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $26.30, but opened at $24.8750. Japan Steel Works shares last traded at $24.8750, with a volume of 1 shares.

Japan Steel Works Stock Performance

The stock’s 50-day moving average price is $25.84 and its 200-day moving average price is $28.31. 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 company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 28.59 and a beta of 0.35.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings data 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. The firm had revenue of $466.91 million during the quarter, compared to the consensus estimate of $575.14 million. Japan Steel Works had a return on equity of 8.48% and a net margin of 7.01%.

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.