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

Japan Airlines Ltd (OTCMKTS:JAPSY) gapped up prior to trading on Friday . The stock had previously closed at $8.5550, but opened at $8.82. Japan Airlines shares last traded at $8.77, with a volume of 2,857 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Japan Airlines Trading Up 2.3%

The stock has a market cap of $7.61 billion, a P/E ratio of 8.55 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $8.17 and its 200 day simple moving average is $8.79.

Japan Airlines (OTCMKTS:JAPSY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.17 earnings per share (EPS) for the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%.The business had revenue of $3.18 billion for the quarter. As a group, analysts expect that Japan Airlines Ltd will post 0.6 EPS for the current year.

Japan Airlines Company Profile

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.