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) saw an uptick in trading volume on Friday . 601 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Japan Steel Works has a consensus rating of "Hold".

Japan Steel Works Stock Performance

The stock has a market cap of $4.87 billion, a PE ratio of 38.49 and a beta of 0.53. 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 firm has a 50 day moving average price of $30.70 and a 200 day moving average price of $24.86.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.20 EPS for the quarter. The firm had revenue of $467.54 million for the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. As a group, research analysts forecast 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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