Japan Steel Works (OTCMKTS:JPSWY) Shares Up 10.4% – Time to Buy?

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) were up 10.4% during trading on Thursday . The stock traded as high as $31.3650 and last traded at $31.3650. Approximately 1 shares were traded during trading, a decline of 99% from the average daily volume of 100 shares. The stock had previously closed at $28.42.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on shares of Japan Steel Works in a research report on Thursday, September 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Japan Steel Works presently has an average rating of “Moderate Buy”.

Japan Steel Works Trading Up 2.9%

The firm has a fifty day moving average price of $28.25 and a 200-day moving average price of $30.29. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 30.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 2.18.

Japan Steel Works (OTCMKTS:JPSWY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $444.78 million for the quarter, compared to analysts’ expectations of $428.31 million. Japan Steel Works had a net margin of 7.97% and a return on equity of 10.37%. As a group, equities analysts anticipate that The Japan Steel Works, Ltd. will post 0.81 EPS for the current year.

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.