Japan Airlines (OTCMKTS:JAPSY) Reaches New 52-Week High - Here's Why

Key Points

• Japan Airlines' share price reached a new 52-week high of $11.00 during trading, closing at $10.86, with 448 shares traded.
• Analysts have recently upgraded the stock to a strong-buy rating, reflecting positive market sentiment and a consensus rating of "Strong Buy."
• For the last quarter, Japan Airlines reported earnings of $0.21 per share on revenue of $3.26 billion, exceeding analysts' expectations of $3.20 billion.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.00 and last traded at $10.86, with a volume of 448 shares traded. The stock had previously closed at $10.70.

Wall Street Analysts Forecast Growth

JAPSY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Japan Airlines from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Jefferies Financial Group upgraded shares of Japan Airlines from a "hold" rating to a "strong-buy" rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Japan Airlines has a consensus rating of "Strong Buy".

Japan Airlines Stock Up 1.4%

The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.47 billion, a P/E ratio of 11.79 and a beta of 0.47. The company's 50 day simple moving average is $10.35 and its 200-day simple moving average is $9.59.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.20 billion. Japan Airlines had a net margin of 6.35% and a return on equity of 12.28%. Research analysts forecast that Japan Airlines Ltd will post 0.8 earnings per share for the current fiscal year.

About Japan Airlines

Japan Airlines Co, Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, North America, and Europe. The company operates through Air Transportation and Other segments. It offers passenger, ground handling, cargo and mail handling, and maintenance services.

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