Japan Tob (OTCMKTS:JAPAY) Stock Falls 23.7% – Here’s Why

Japan Tob (OTCMKTS:JAPAY) fell 23.7% on Monday. The company traded as low as $15.00 and last traded at $15.25. 9,918 shares traded hands during trading, a decline of 92% from the average session volume of 124,041 shares. The stock had previously closed at $20.00.

Analyst Ratings Changes

JAPAY has been the subject of a number of recent analyst reports. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Japan Tob presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Japan Tob Price Performance

The company has a market cap of $62.03 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.28. The stock has a fifty day simple moving average of $22.08 and a two-hundred day simple moving average of $20.03. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35.

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 business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.45 billion. On average, equities analysts predict that Japan Tob will post 1.16 EPS for the current fiscal year.

Japan Tob Company Profile

Japan Tobacco Inc. is a Japanese company whose principal business is the manufacture and sale of tobacco products. Its portfolio includes cigarette brands such as Winston and Mevius, and the company also offers reduced-risk products and other tobacco-related products. Through its international operations, the company sells tobacco products in markets around the world. Japan Tobacco traces its origins to Japan’s government tobacco monopoly, established in 1898, and became a public company in 1985.