Japan Steel Works (OTCMKTS:JPSWY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Japan Steel Works experienced a significant increase in trading volume, with 601 shares traded, marking a 172% rise compared to the previous session.
• Zacks Research downgraded Japan Steel Works' rating from "strong-buy" to a "hold," maintaining the stock's overall consensus rating as "Hold."
• The company's latest earnings report revealed an earnings per share (EPS) of $0.20 and revenues of $467.54 million for the quarter.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 601 shares traded hands during trading, an increase of 172% from the previous session's volume of 221 shares.The stock last traded at $32.72 and had previously closed at $31.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Japan Steel Works Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.15. The stock has a fifty day simple moving average of $30.91 and a two-hundred day simple moving average of $25.21. The firm has a market capitalization of $4.45 billion, a P/E ratio of 35.21 and a beta of 0.53.

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