Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $25.35, but opened at $23.99. Japan Steel Works shares last traded at $23.99, with a volume of 10 shares changing hands.

Japan Steel Works Stock Performance

The stock’s fifty day moving average price is $23.81 and its two-hundred day moving average price is $26.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.33. The company has a market cap of $3.57 billion, a P/E ratio of 26.36 and a beta of 0.35.

About Japan Steel Works

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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.

Further Reading

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