Japan Steel Works (OTCMKTS:JPSWY) Stock Price Up 10.4% – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares were up 10.4% during trading on Thursday . The stock traded as high as $31.3650 and last traded at $31.3650. Approximately 1 shares were traded during trading, a decline of 99% from the average daily volume of 100 shares. The stock had previously closed at $28.42.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Japan Steel Works in a research report on Thursday, September 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Japan Steel Works presently has an average rating of “Moderate Buy”.

Japan Steel Works Price Performance

The company’s 50 day moving average price is $28.30 and its 200-day moving average price is $30.30. The stock has a market cap of $4.54 billion, a P/E ratio of 30.50 and a beta of 0.29. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. The company had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. As a group, sell-side analysts expect that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

Japan Steel Works Company Profile

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.