Japan Steel Works (OTCMKTS:JPSWY) Hits New 12-Month High - Here's What Happened

Key Points

• Japan Steel Works reached a new 12-month high of $37.07 in trading, marking a significant increase from its previous close of $30.00.
• Analysts have mixed ratings for the company, with Zacks Research downgrading it to a "hold" while The Goldman Sachs Group initiated coverage with a "buy" rating.
• For the recent quarter, Japan Steel Works reported earnings of $0.20 per share and a revenue of $467.54 million, with a forecast of $0.81 earnings per share for the current fiscal year.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $37.07 and last traded at $37.07, with a volume of 2 shares changing hands. The stock had previously closed at $30.00.

Analysts Set New Price Targets

A number of research firms have recently commented on JPSWY. Zacks Research downgraded Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. The Goldman Sachs Group started coverage on Japan Steel Works in a research report on Thursday. They issued a "buy" rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Japan Steel Works Stock Performance

The company has a quick ratio of 1.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The business has a 50 day simple moving average of $31.19 and a two-hundred day simple moving average of $25.68. The firm has a market cap of $5.52 billion, a PE ratio of 43.61 and a beta of 0.53.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.20 earnings per share for the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%.The business had revenue of $467.54 million for the quarter. As a group, equities research analysts forecast that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current fiscal 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.

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