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

Key Points

• Shares of Japan Airlines (OTCMKTS:JAPSY) gapped down from a previous closing price of $10.34 to $10.00, with a trading volume of 256 shares.
• Analysts have recently upgraded Japan Airlines from a "hold" rating to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy".
• For its last quarter, Japan Airlines reported earnings per share (EPS) of $0.21 and revenues of $3.26 billion, surpassing analyst expectations of $3.20 billion.

Shares of Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.34, but opened at $10.00. Japan Airlines shares last traded at $10.00, with a volume of 256 shares traded.

Analyst Upgrades and Downgrades

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

Japan Airlines Trading Down 0.4%

The firm has a market cap of $8.98 billion, a PE ratio of 11.18 and a beta of 0.47. The business has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $9.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.25.

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

Japan Airlines Company Profile

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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