Japan Airlines (OTCMKTS:JAPSY) Shares Gap Down - Here's What Happened

Key Points

• Japan Airlines shares experienced a gap down in price, opening at $10.00 after closing at $10.38.
• Analysts have recently upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating, with a consensus rating of "Strong Buy" from two research analysts.
• The airline reported $0.21 earnings per share for the last quarter, surpassing analyst estimates of $3.20 billion in revenue.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $10.38, but opened at $10.00. Japan Airlines shares last traded at $10.44, with a volume of 949 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JAPSY shares. Jefferies Financial Group upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Zacks Research upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Japan Airlines Trading Down 0.3%

The stock has a market capitalization of $9.04 billion, a P/E ratio of 11.25 and a beta of 0.47. The stock has a 50-day moving average price of $10.47 and a two-hundred day moving average price of $9.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.31.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.20 billion. Japan Airlines had a return on equity of 12.28% and a net margin of 6.35%. On average, research analysts forecast 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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