Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down - What's Next?

Key Points

• Japan Steel Works shares opened at $31.97, down from a previous close of $39.92, reflecting a significant gap down in trading.
• Zacks Research has downgraded the stock from a "strong-buy" to a "hold," while Goldman Sachs initiated coverage with a "buy" rating, resulting in a current average rating of "Moderate Buy."
• The company reported earnings of $0.20 per share for its last quarter, with total revenues of $467.54 million and a net margin of 6.95%.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $39.92, but opened at $31.97. Japan Steel Works shares last traded at $31.32, with a volume of 400 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on JPSWY. Zacks Research lowered Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. The Goldman Sachs Group started coverage on shares of Japan Steel Works in a research note on Thursday, September 25th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Japan Steel Works Price Performance

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 market capitalization of $4.42 billion, a price-to-earnings ratio of 34.96 and a beta of 0.53. The company has a fifty day moving average price of $31.72 and a two-hundred day moving average price of $26.12.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last issued its quarterly 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, equities research analysts expect that The Japan Steel Works, Ltd. will post 0.81 EPS 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.

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