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

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $35.18, but opened at $31.59. Japan Steel Works shares last traded at $31.66, with a volume of 27 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on JPSWY shares. Zacks Research downgraded Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. The Goldman Sachs Group started coverage on Japan Steel Works in a report on Thursday, September 25th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Japan Steel Works presently has a consensus rating of “Moderate Buy”.

Japan Steel Works Price Performance

The stock has a market cap of $4.71 billion, a P/E ratio of 37.25 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The business has a 50 day simple moving average of $32.20 and a 200-day simple moving average of $29.21.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $444.78 million during the quarter, compared to the consensus estimate of $428.31 million. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. On average, sell-side analysts forecast that The Japan Steel Works, Ltd. will post 0.81 EPS for the current year.

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.