Japan Steel Works (OTCMKTS:JPSWY) Trading 21.2% Higher - Still a Buy?

Key Points

• Shares jumped 21.2% to $36.50 on Thursday, but the move occurred on very light volume (about 40 shares, down ~84% from average), signaling volatile price action on thin trading.
• The company missed quarterly estimates, reporting EPS of $0.17 versus $0.19 expected and revenue of $417.46M versus $486.28M, while sell-side analysts project FY EPS of about $0.81.
• Key fundamentals show a $5.03B market cap with a P/E of 36.73, low leverage (debt/equity 0.27), solid liquidity (current ratio 2.18) and modest profitability (ROE 8.81%, net margin 7.41%).

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) shares were up 21.2% on Thursday . The stock traded as high as $36.50 and last traded at $36.50. Approximately 40 shares were traded during trading, a decline of 84% from the average daily volume of 258 shares. The stock had previously closed at $30.1175.

Japan Steel Works Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 2.18. The company has a market cap of $5.03 billion, a PE ratio of 36.73 and a beta of 0.27. The company's 50-day simple moving average is $30.79 and its 200 day simple moving average is $30.38.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $417.46 million for the quarter, compared to analysts' expectations of $486.28 million. Japan Steel Works had a return on equity of 8.81% and a net margin of 7.41%. On average, sell-side analysts predict that The Japan Steel Works, Ltd. will post 0.81 earnings per share 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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