Japan Steel Works (OTCMKTS:JPSWY) Stock Price Up 7% – Still a Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price rose 7% during trading on Wednesday. The company traded as high as $24.55 and last traded at $24.55. 7 shares changed hands during trading, a decline of 96% from the average session volume of 199 shares. The stock had previously closed at $22.94.

Japan Steel Works Stock Performance

The stock’s 50 day moving average is $23.77 and its two-hundred day moving average is $25.77. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 26.98 and a beta of 0.41. The company has a current ratio of 2.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. is a Japanese industrial manufacturer that produces large-scale machinery, steel products and specialized equipment for industrial customers. The company serves markets including plastics processing, energy, semiconductor manufacturing, transportation, shipbuilding and defense.

Its industrial machinery operations manufacture equipment used to process plastics and other materials, including injection molding machines, extrusion systems and related machinery. Japan Steel Works also supplies equipment and components used in semiconductor and energy-related applications.

The company’s steel products business produces large forgings and castings for applications such as power-generation equipment, industrial machinery, ships and other heavy industries.