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

Japan Tob (OTCMKTS:JAPAY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $17.8896, but opened at $18.67. Japan Tob shares last traded at $17.7350, with a volume of 13,948 shares.

Analysts Set New Price Targets

Several research firms have weighed in on JAPAY. Barclays reiterated an “underweight” rating and issued a $17.00 price objective on shares of Japan Tob in a report on Tuesday, November 25th. Zacks Research downgraded shares of Japan Tob from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Japan Tob Stock Down 0.4%

The company has a market capitalization of $63.30 billion, a P/E ratio of 19.59 and a beta of 0.34. The company has a 50-day moving average of $18.64 and a two-hundred day moving average of $17.68. The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.37.

About Japan Tob

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).