Japan Airlines (OTCMKTS:JAPSY) Shares Gap Down - What's Next?

Key Points

• Japan Airlines shares opened at $9.50 after gapping down from a previous close of $9.81, reflecting a current trading price of $9.57 with modest volume.
• Analysts have given mixed ratings for Japan Airlines, with Zacks downgrading the stock to a "hold" and Jefferies upgrading it to a "strong-buy", resulting in an average rating of "Buy."
• The company reported earnings of $0.21 per share on revenues of $3.26 billion, exceeding analyst expectations, with a projected earnings per share of 0.8 for the current fiscal year.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.81, but opened at $9.50. Japan Airlines shares last traded at $9.57, with a volume of 873 shares trading hands.

Analyst Upgrades and Downgrades

JAPSY has been the subject of several research analyst reports. Zacks Research cut Japan Airlines from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 1st. Jefferies Financial Group raised shares of Japan Airlines from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy".

Japan Airlines Stock Down 2.2%

The stock's fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $9.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.25. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 10.42 and a beta of 0.44.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts predict that Japan Airlines Ltd will post 0.8 earnings per share for the current fiscal 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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