Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up - Should You Buy?

Key Points

• Gapped up: Japan Steel Works opened at $31.35 after a prior close of $27.55, but trading volume was extremely light (36 shares).
• Key financials: market capitalization about $4.53 billion, P/E of 33.05, quick ratio 1.19, current ratio 2.18, debt-to-equity 0.27, with 50- and 200-day moving averages near $30.
• Missed estimates: Latest quarter delivered EPS $0.17 vs. $0.19 expected and revenue $417.46M vs. $486.28M, with a net margin of 7.41% and ROE of 8.81%.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $27.55, but opened at $31.35. Japan Steel Works shares last traded at $31.35, with a volume of 36 shares traded.

Japan Steel Works Price Performance

The company has a quick ratio of 1.19, a current ratio of 2.18 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 33.05 and a beta of 0.40. The stock's 50 day moving average price is $30.92 and its two-hundred day moving average price is $30.05.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). Japan Steel Works had a return on equity of 8.81% and a net margin of 7.41%.The company had revenue of $417.46 million during the quarter, compared to analyst estimates of $486.28 million.

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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