Japan Steel Works (OTCMKTS:JPSWY) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Japan Steel Works shares fell below their 50-day moving average of $30.95, trading as low as $29.93.
• Zacks Research downgraded Japan Steel Works from a "strong-buy" to a "hold" rating.
• The company's reported EPS for the last quarter was $0.20, with a revenue of $467.54 million and a net margin of 6.95%.

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $30.95 and traded as low as $29.93. Japan Steel Works shares last traded at $29.93, with a volume of 6 shares trading hands.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Japan Steel Works has a consensus rating of "Hold".

Japan Steel Works Stock Performance

The company has a market cap of $4.46 billion, a price-to-earnings ratio of 35.29 and a beta of 0.53. 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 business has a fifty day simple moving average of $30.99 and a 200 day simple moving average of $25.45.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.20 EPS for the quarter. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. The business had revenue of $467.54 million for the quarter. On average, equities analysts anticipate that The Japan Steel Works, Ltd. will post 0.81 EPS 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.