Japan Steel Works (OTCMKTS:JPSWY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Japan Steel Works experienced a significant increase in trading volume, with 1,012 shares traded on Friday, which is a 354% rise from the previous session.
• Wall Street analysts have mixed opinions on the company, with Goldman Sachs issuing a "buy" rating, while Zacks Research downgraded it to a "hold," leaving it with a consensus rating of "Moderate Buy."
• The company reported a $0.20 EPS for the quarter with a revenue of $467.54 million, and analysts predict an earnings per share of 0.81 for the current year.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) saw an uptick in trading volume on Friday . 1,012 shares were traded during mid-day trading, an increase of 354% from the previous session's volume of 223 shares.The stock last traded at $29.35 and had previously closed at $29.72.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JPSWY. The Goldman Sachs Group began coverage on Japan Steel Works in a report on Thursday, September 25th. They issued a "buy" rating for the company. Zacks Research lowered Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Japan Steel Works presently has a consensus rating of "Moderate Buy".

Japan Steel Works Trading Up 2.1%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The company has a market cap of $4.51 billion, a P/E ratio of 35.69 and a beta of 0.65. The stock has a 50-day moving average of $31.64 and a two-hundred day moving average of $26.21.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.20 EPS 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. On average, equities research analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

Japan Steel Works Company Profile

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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