Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – Time to Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped up before the market opened on Tuesday . The stock had previously closed at $24.80, but opened at $26.50. Japan Steel Works shares last traded at $26.50, with a volume of 2,040 shares trading hands.

Japan Steel Works Price Performance

The company has a 50 day simple moving average of $30.23 and a 200-day simple moving average of $29.72. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 30.01 and a beta of 0.40. The company has a quick ratio of 1.19, a current ratio of 2.18 and a debt-to-equity ratio of 0.27.

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

About Japan Steel Works

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.