Japan Steel Works (OTCMKTS:JPSWY) Sees Large Volume Increase – Time to Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) saw unusually-high trading volume on Monday . Approximately 414 shares traded hands during trading, an increase of 78% from the previous session’s volume of 233 shares.The stock last traded at $24.98 and had previously closed at $24.80.

Japan Steel Works Trading Up 5.2%

The company’s 50 day moving average price is $30.33 and its two-hundred day moving average price is $29.77. The firm has a market cap of $3.84 billion, a PE ratio of 29.99 and a beta of 0.40. The company has a quick ratio of 1.19, a current ratio of 2.18 and a debt-to-equity ratio of 0.27.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $466.91 million during the quarter, compared to analysts’ expectations of $575.14 million. Japan Steel Works had a net margin of 7.01% and a return on equity of 8.57%.

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.