Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – Time to Buy?

Japan Tob (OTCMKTS:JAPAY) gapped up prior to trading on Wednesday . The stock had previously closed at $21.82, but opened at $22.49. Japan Tob shares last traded at $22.0350, with a volume of 1,585 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Japan Tob Stock Down 0.3%

The stock’s 50-day moving average price is $21.40 and its 200-day moving average price is $19.70. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35. The stock has a market cap of $77.35 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.47 and a beta of 0.27.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.15 billion. On average, sell-side analysts expect that Japan Tob will post 1.12 earnings per share for the current year.

About Japan Tob

Japan Tobacco Inc is a Japan-based company primarily engaged in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, cigars and roll-your-own tobacco, as well as reduced-risk products such as heated tobacco products marketed under the Ploom brand. The company sells products in Japan and through an international tobacco business serving markets across Europe, the Middle East, Africa, Asia and other regions.

Japan Tobacco’s brand portfolio has included internationally recognized names such as Winston, Camel, Mevius and LD, although product availability varies by market.