Japan Tob (OTCMKTS:JAPAY) Reaches New 52-Week High – Here’s What Happened

Japan Tob (OTCMKTS:JAPAYGet Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.58 and last traded at $22.5072, with a volume of 2140 shares traded. The stock had previously closed at $22.16.

Analyst Ratings Changes

JAPAY has been the topic of a number of recent research reports. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. BTIG Research assumed coverage on shares of Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Japan Tob has a consensus rating of “Hold” and a consensus price target of $17.00.

Get Our Latest Research Report on JAPAY

Japan Tob Stock Up 1.7%

The stock’s 50-day moving average price is $19.49 and its 200-day moving average price is $19.02. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.56 and a beta of 0.27.

Japan Tob (OTCMKTS:JAPAYGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.15 billion. On average, sell-side analysts expect that Japan Tob will post 1.09 earnings per share for the current year.

About Japan Tob

(Get Free Report)

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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