Shares of Jason Industries Inc (NASDAQ:JASN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $4.50 for the company and are expecting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also given Jason Industries an industry rank of 163 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Jason Industries from a “hold” rating to a “strong-buy” rating and set a $2.75 price target for the company in a report on Thursday, August 9th. ValuEngine raised Jason Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd.

In related news, Director Jeffry N. Quinn sold 1,000,000 shares of Jason Industries stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $2.70, for a total transaction of $2,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wynnefield Partners Small Cap acquired 16,900 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average cost of $2.33 per share, with a total value of $39,377.00. The disclosure for this purchase can be found here. Insiders have purchased 183,651 shares of company stock valued at $484,392 in the last three months. 19.20% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in Jason Industries during the fourth quarter valued at $126,000. Spark Investment Management LLC raised its position in Jason Industries by 34.5% during the first quarter. Spark Investment Management LLC now owns 120,900 shares of the technology company’s stock valued at $375,000 after purchasing an additional 31,000 shares in the last quarter. Deutsche Bank AG purchased a new stake in Jason Industries during the fourth quarter valued at about $355,000. Finally, Wynnefield Capital Inc. raised its position in Jason Industries by 1.1% during the first quarter. Wynnefield Capital Inc. now owns 4,680,816 shares of the technology company’s stock valued at $14,557,000 after purchasing an additional 50,000 shares in the last quarter. 35.97% of the stock is owned by institutional investors.

NASDAQ JASN traded up $0.04 on Friday, hitting $3.14. 181,684 shares of the stock traded hands, compared to its average volume of 158,386. Jason Industries has a 12 month low of $1.20 and a 12 month high of $3.88. The firm has a market cap of $86.02 million, a price-to-earnings ratio of 314.00 and a beta of 0.14. The company has a current ratio of 2.19, a quick ratio of 1.48 and a debt-to-equity ratio of -11.40.

Jason Industries (NASDAQ:JASN) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Jason Industries had a negative return on equity of 1.05% and a negative net margin of 0.10%. The business had revenue of $168.42 million during the quarter, compared to analyst estimates of $161.40 million. analysts forecast that Jason Industries will post -0.13 EPS for the current year.

About Jason Industries

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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