Japan Steel Works (OTCMKTS:JPSWY) Downgraded to "Hold" Rating by Zacks Research

Key Points

• Japan Steel Works has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating, indicating a shift in investor sentiment.
• The company's stock opened at $30.16 and has a market capitalization of $4.49 billion, with a price-to-earnings ratio of 35.48.
• Japan Steel Works reported earnings of $0.20 per share for the most recent quarter, with revenues totaling $467.54 million.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Japan Steel Works Price Performance

OTCMKTS JPSWY remained flat at $30.54 on Monday. The firm has a market capitalization of $4.54 billion, a PE ratio of 35.92 and a beta of 0.53. Japan Steel Works has a fifty-two week low of $12.52 and a fifty-two week high of $35.64. The stock's 50 day simple moving average is $30.53 and its 200 day simple moving average is $24.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $467.54 million during the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. On average, sell-side analysts anticipate that Japan Steel Works will post 0.81 earnings per share for the current year.

About Japan Steel Works

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.