Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – Here’s What Happened

Shares of Japan Tob (OTCMKTS:JAPAY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $21.26, but opened at $22.40. Japan Tob shares last traded at $21.86, with a volume of 3,527 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BTIG Research began coverage on shares of Japan Tob in a research note 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 research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.00.

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Japan Tob Trading Up 2.7%

The company has a 50-day moving average price of $20.93 and a 200-day moving average price of $19.54. The firm has a market capitalization of $77.55 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.44 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04.

Japan Tob (OTCMKTS:JAPAY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.15 billion. As a group, research analysts forecast that Japan Tob will post 1.12 EPS for the current fiscal year.

Japan Tob Company Profile

(Get Free Report)

Japan Tobacco Inc is a Japan-based company primarily engaged in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, cigars and roll-your-own tobacco, as well as reduced-risk products such as heated tobacco products marketed under the Ploom brand. The company sells products in Japan and through an international tobacco business serving markets across Europe, the Middle East, Africa, Asia and other regions.

Japan Tobacco’s brand portfolio has included internationally recognized names such as Winston, Camel, Mevius and LD, although product availability varies by market.

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