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

Key Points

• Japan Steel Works shares experienced a significant gap up, opening at $35.78 after a previous close at $33.50, but last traded at $33.66.
• Goldman Sachs initiated coverage with a "buy" rating, while Zacks Research downgraded the stock from "strong-buy" to "hold," resulting in an average rating of "Moderate Buy" from analysts.
• The company reported earnings of $0.20 per share with a net margin of 6.95% and revenue of $467.54 million for its last quarter.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $33.50, but opened at $35.78. Japan Steel Works shares last traded at $33.66, with a volume of 6 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JPSWY. The Goldman Sachs Group assumed coverage on shares of Japan Steel Works in a research report on Thursday, September 25th. They issued a "buy" rating on the stock. Zacks Research downgraded 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 Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Japan Steel Works currently has an average rating of "Moderate Buy".

Japan Steel Works Trading Up 0.5%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.15. The company's fifty day moving average is $31.81 and its 200-day moving average is $27.46. The stock has a market cap of $5.01 billion, a PE ratio of 39.60 and a beta of 0.65.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.20 earnings per share for the quarter. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. The company had revenue of $467.54 million during the quarter. On average, 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.

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