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

Key Points

• Japan Steel Works shares opened at $28.35 after closing at $30.16, marking a significant gap down before the market opened on Wednesday.
• Zacks Research has downgraded the company’s rating from "strong-buy" to "hold", with a current consensus rating also being "Hold."
• The company reported earnings of $0.20 per share for the last quarter and anticipates a total of 0.81 earnings per share for the current fiscal year.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $30.16, but opened at $28.35. Japan Steel Works shares last traded at $28.35, with a volume of 30 shares.

Analyst Upgrades and Downgrades

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

Japan Steel Works Price Performance

The firm has a market cap of $4.35 billion, a PE ratio of 34.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 0.98. The business's fifty day moving average is $30.38 and its 200-day moving average is $24.33.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted its 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 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.