Japan Airlines (OTCMKTS:JAPSY) Shares Gap Down – Here’s What Happened

Japan Airlines Ltd (OTCMKTS:JAPSY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.38, but opened at $10.00. Japan Airlines shares last traded at $10.44, with a volume of 949 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JAPSY shares. Zacks Research upgraded Japan Airlines from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Jefferies Financial Group upgraded Japan Airlines from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Japan Airlines Stock Down 0.3%

The company has a fifty day simple moving average of $10.47 and a 200-day simple moving average of $9.76. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.04 billion, a P/E ratio of 11.25 and a beta of 0.47.

Japan Airlines (OTCMKTS:JAPSY) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter. Japan Airlines had a return on equity of 12.28% and a net margin of 6.35%.The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.20 billion. On average, equities analysts anticipate that Japan Airlines Ltd will post 0.8 earnings per share for the current year.

About Japan Airlines

Japan Airlines Co, Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, North America, and Europe. The company operates through Air Transportation and Other segments. It offers passenger, ground handling, cargo and mail handling, and maintenance services.