Japan Steel Works (OTCMKTS:JPSWY) Stock Price Down 8.2% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares traded down 8.2% on Wednesday . The company traded as low as $26.90 and last traded at $26.90. 14 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 227 shares. The stock had previously closed at $29.30.

Japan Steel Works Stock Down 7.5%

The stock’s fifty day moving average is $30.43 and its 200 day moving average is $29.84. The company has a current ratio of 2.18, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.65 billion, a P/E ratio of 28.51 and a beta of 0.40.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Japan Steel Works had a net margin of 7.01% and a return on equity of 8.57%. The company had revenue of $466.91 million during the quarter, compared to analyst estimates of $575.14 million.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.