Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Here’s What Happened

Japan Airlines Ltd (OTCMKTS:JAPSY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.08, but opened at $8.39. Japan Airlines shares last traded at $8.37, with a volume of 85,367 shares.

Analysts Set New Price Targets

Separately, Zacks Research lowered Japan Airlines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Japan Airlines Stock Performance

The firm has a market capitalization of $7.32 billion, a P/E ratio of 8.55 and a beta of 0.30. The company’s 50 day moving average is $9.43 and its 200-day moving average is $9.59. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.57.

Japan Airlines (OTCMKTS:JAPSY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter. Japan Airlines had a net margin of 6.57% and a return on equity of 10.93%. The firm had revenue of $3.44 billion during the quarter. As a group, equities analysts anticipate that Japan Airlines Ltd will post 0.8 EPS for the current year.

About Japan Airlines

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.