Japan Steel Works (OTCMKTS:JPSWY) Shares Up 11.9% - Here's What Happened

Key Points

• Shares jumped 11.9% to $32.97 mid-day, but only about 2 shares traded (down ~99% from the average 266), suggesting the move may reflect illiquid trading rather than broad demand.
• In the most recent quarter the company reported EPS of $0.17 versus $0.19 expected and revenue of $417.46M versus $486.28M expected, missing both consensus estimates.
• The firm has a market capitalization of $4.85B, a P/E of 35.45, low leverage (debt-to-equity 0.27), solid liquidity (current ratio 2.18) and a low beta (0.39).

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report)'s share price rose 11.9% during mid-day trading on Wednesday . The company traded as high as $32.97 and last traded at $32.97. Approximately 2 shares changed hands during trading, a decline of 99% from the average daily volume of 266 shares. The stock had previously closed at $29.4750.

Japan Steel Works Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.18 and a quick ratio of 1.19. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 35.45 and a beta of 0.39. The business's fifty day simple moving average is $30.73 and its 200 day simple moving average is $30.31.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $417.46 million for the quarter, compared to analyst estimates of $486.28 million. Japan Steel Works had a net margin of 7.41% and a return on equity of 8.81%. On average, research analysts forecast that The Japan Steel Works, Ltd. will post 0.81 EPS for the current 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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