Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – What’s Next?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down before the market opened on Monday. The stock had previously closed at $22.18, but opened at $20.91. Japan Steel Works shares last traded at $20.91, with a volume of 20 shares.

Japan Steel Works Stock Down 5.7%

The business’s 50 day moving average is $23.48 and its 200-day moving average is $25.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.33. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 22.98 and a beta of 0.41.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. is a Japanese industrial manufacturer that produces large-scale machinery, steel products and specialized equipment for industrial customers. The company serves markets including plastics processing, energy, semiconductor manufacturing, transportation, shipbuilding and defense.

Its industrial machinery operations manufacture equipment used to process plastics and other materials, including injection molding machines, extrusion systems and related machinery. Japan Steel Works also supplies equipment and components used in semiconductor and energy-related applications.

The company’s steel products business produces large forgings and castings for applications such as power-generation equipment, industrial machinery, ships and other heavy industries.