Japan Airlines (OTCMKTS:JAPSY) Shares Down 1% - Time to Sell?

Key Points

• Japan Airlines' stock experienced a 1% drop, trading at $10.56 after reaching a low of $10.55, with trading volume down 63% from its average.
• Zacks Research upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating, suggesting a positive outlook for the stock.
• The company reported earnings of $0.21 per share for the last quarter, exceeding analyst estimates of $3.20 billion in revenue with a net margin of 6.35%.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report)'s stock price dropped 1% during mid-day trading on Monday . The stock traded as low as $10.55 and last traded at $10.56. Approximately 8,487 shares traded hands during trading, a decline of 63% from the average daily volume of 22,701 shares. The stock had previously closed at $10.67.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Japan Airlines from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Japan Airlines Trading Down 1.0%

The firm has a market cap of $9.22 billion, a P/E ratio of 11.48 and a beta of 0.47. The stock has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $9.51. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter. Japan Airlines had a net margin of 6.35% and a return on equity of 12.28%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.20 billion. On average, equities research analysts expect that Japan Airlines Ltd will post 0.8 EPS 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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