Japan Steel Works (OTCMKTS:JPSWY) Trading Down 11.2% – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price fell 11.2% during mid-day trading on Monday . The stock traded as low as $27.06 and last traded at $27.06. 1 shares traded hands during trading, a decline of 100% from the average session volume of 266 shares. The stock had previously closed at $30.4740.

Analysts Set New Price Targets

A number of research firms recently commented on JPSWY. The Goldman Sachs Group started coverage on Japan Steel Works in a research report on Thursday, September 25th. They issued a “buy” rating for the company. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Japan Steel Works Stock Performance

The company has a 50-day simple moving average of $31.37 and a two-hundred day simple moving average of $30.32. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.03 billion, a PE ratio of 27.06 and a beta of 0.34.

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