Japan Steel Works (OTCMKTS:JPSWY) Shares Down 8.9% - Here's What Happened

Key Points

• Shares plunged 8.9% intraday to $27.55 on Tuesday while only 7 shares traded, about 97% below the stock's average daily volume, signaling extremely thin OTC liquidity.
• Japan Steel Works missed expectations for the latest quarter, reporting EPS of $0.17 versus $0.19 expected and revenue of $417.46M versus $486.28M consensus.
• The stock has a market cap of $4.06B and a P/E of 29.62, and its price is trading below both the 50-day ($31.04) and 200-day ($30.08) moving averages.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) dropped 8.9% during mid-day trading on Tuesday . The company traded as low as $27.55 and last traded at $27.55. Approximately 7 shares traded hands during trading, a decline of 97% from the average daily volume of 234 shares. The stock had previously closed at $30.24.

Japan Steel Works Price Performance

The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 29.62 and a beta of 0.40. The business's fifty day moving average price is $31.04 and its 200-day moving average price is $30.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.18 and a quick ratio of 1.19.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $417.46 million for the quarter, compared to analyst estimates of $486.28 million. Japan Steel Works had a net margin of 7.41% and a return on equity of 8.81%.

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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