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

Key Points

• Japan Steel Works shares gapped down significantly, opening at $30.66 after a previous close of $32.72.
• Zacks Research downgraded the stock's rating from "strong-buy" to "hold", contributing to market uncertainty around the stock.
• The company reported earnings of $0.20 per share for the last quarter, with a net margin of 6.95% and a market capitalization of $4.56 billion.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $32.72, but opened at $30.66. Japan Steel Works shares last traded at $30.66, with a volume of 2 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of 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.com, Japan Steel Works presently has an average rating of "Hold".

Japan Steel Works Stock Up 0.2%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The firm's 50-day moving average is $30.99 and its 200 day moving average is $25.40. The firm has a market capitalization of $4.46 billion, a PE ratio of 35.29 and a beta of 0.53.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $467.54 million for the quarter. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. As a group, research analysts forecast that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current fiscal year.

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.