Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Should You Sell?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWYGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.90, but opened at $22.90. Japan Steel Works shares last traded at $23.70, with a volume of 6 shares trading hands.

Japan Steel Works Stock Performance

The firm has a 50-day simple moving average of $23.73 and a two-hundred day simple moving average of $26.49. The company has a current ratio of 2.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 27.81 and a beta of 0.35.

Japan Steel Works Company Profile

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The Japan Steel Works, Ltd. (JSW) is a Japanese manufacturer of industrial machinery, steel products and related equipment. Founded in 1907 and headquartered in Tokyo, the company originally developed from a joint venture established in Muroran, Hokkaido, and has expanded into a diversified engineering and manufacturing group serving customers in Japan and international markets.

JSW’s industrial machinery operations produce equipment for plastics processing and other manufacturing applications.

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