Japan Tob (OTCMKTS:JAPAY) Shares Gap Down – Here’s Why

Shares of Japan Tob (OTCMKTS:JAPAY) gapped down before the market opened on Thursday. The stock had previously closed at $23.26, but opened at $19.25. Japan Tob shares last traded at $19.6035, with a volume of 10,712 shares.

Wall Street Analysts Forecast Growth

JAPAY has been the topic of a number of research analyst reports. BTIG Research began coverage on Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Japan Tob presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Japan Tob Stock Down 17.7%

The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $20.05. The stock has a market cap of $69.03 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.21 and a beta of 0.28.

Japan Tob (OTCMKTS:JAPAY) last issued its earnings results on Thursday, October 29th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.45 billion. On average, equities research analysts forecast that Japan Tob will post 1.16 earnings per share for the current fiscal year.

Japan Tob Company Profile

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.

The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.

Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.