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

Key Points

• Japan Steel Works' shares experienced a significant decline, gapping down from a previous close of $33.60 to open at $31.76, marking a 5.5% decrease.
• The company reported $0.20 earnings per share for the last quarter, with a projected earnings per share of 0.81 for the current fiscal year.
• Japan Steel Works has a market capitalization of $4.73 billion and demonstrates low debt levels, indicated by a debt-to-equity ratio of 0.10.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $33.60, but opened at $31.76. Japan Steel Works shares last traded at $31.76, with a volume of 2 shares traded.

Japan Steel Works Stock Down 4.5%

The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 34.38 and a beta of 0.51. The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $29.85 and a 200 day moving average price of $23.63.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.20 EPS for the quarter. The business had revenue of $467.54 million for the quarter. Japan Steel Works had a return on equity of 9.95% and a net margin of 6.95%. Sell-side analysts anticipate that The Japan Steel Works, Ltd. will post 0.81 EPS 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.