Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWYGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $25.00, but opened at $22.27. Japan Steel Works shares last traded at $22.28, with a volume of 205 shares changing hands.

Japan Steel Works Stock Up 16.2%

The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 29.79 and a beta of 0.34. The stock has a 50 day moving average of $28.28 and a 200 day moving average of $29.04. 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:JPSWYGet Free Report) last posted 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 business had revenue of $466.91 million during the quarter, compared to the consensus estimate of $575.14 million. Japan Steel Works had a return on equity of 8.57% and a net margin of 7.01%.

About Japan Steel Works

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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.

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