Japan Tob (OTCMKTS:JAPAY) Hits New 12-Month High – Should You Buy?

Japan Tob (OTCMKTS:JAPAY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $19.6450 and last traded at $19.59, with a volume of 2945 shares changing hands. The stock had previously closed at $18.88.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JAPAY shares. Barclays reissued an “underweight” rating and issued a $17.00 target price on shares of Japan Tob in a research report on Tuesday, November 25th. Zacks Research downgraded shares of Japan Tob from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Japan Tob currently has an average rating of “Hold” and an average price target of $17.00.

Japan Tob Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36. The stock has a market capitalization of $69.89 billion, a PE ratio of 21.63 and a beta of 0.34. The stock’s fifty day moving average is $18.40 and its 200-day moving average is $17.17.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).