Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – What’s Next?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down before the market opened on Thursday . The stock had previously closed at $34.31, but opened at $28.50. Japan Steel Works shares last traded at $27.75, with a volume of 4 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on JPSWY shares. The Goldman Sachs Group initiated coverage on shares of Japan Steel Works in a research report on Thursday, September 25th. They issued a “buy” rating on the stock. Zacks Research lowered shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Japan Steel Works Stock Performance

The company’s fifty day moving average is $32.05 and its 200 day moving average is $28.65. The company has a market capitalization of $4.42 billion, a P/E ratio of 34.95 and a beta of 0.62. The company has a current ratio of 2.07, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23.

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.