Japan Tob (OTCMKTS:JAPAY – Get Free Report) issued its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.11, Zacks reports.
Japan Tob Stock Performance
OTCMKTS:JAPAY traded up $1.16 during trading hours on Thursday, reaching $21.83. 128,637 shares of the company’s stock were exchanged, compared to its average volume of 147,789. Japan Tob has a 1-year low of $14.60 and a 1-year high of $21.94. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $77.51 billion, a price-to-earnings ratio of 21.83 and a beta of 0.29. The company has a 50-day moving average of $19.10 and a 200 day moving average of $18.85.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. BTIG Research started coverage on Japan Tob in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. Zacks Research raised shares of Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Japan Tob currently has a consensus rating of “Hold” and a consensus price target of $17.00.
Japan Tob Company Profile
Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.
In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).
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