Japan Tob (OTCMKTS:JAPAY) Shares Gap Down - Here's What Happened

Shares of Japan Tob (OTCMKTS:JAPAY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $14.45, but opened at $14.02. Japan Tob shares last traded at $14.60, with a volume of 4,562 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Japan Tob from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th.

Japan Tob Trading Up 1.1%

The stock's 50-day moving average is $14.94 and its two-hundred day moving average is $13.97. The company has a market cap of $51.85 billion, a P/E ratio of 16.98 and a beta of 0.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.78 and a quick ratio of 1.25.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter. Japan Tob had a return on equity of 11.23% and a net margin of 14.31%. The firm had revenue of $5.42 billion for the quarter.

About Japan Tob

Japan Tobacco Inc, a tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally. The company operates through three segments: Tobacco Business, Pharmaceutical, and Processed Food. It offers tobacco products, such as cigarettes, heat-not-burn tobacco products, E-vapor products, fine cut tobacco products, cigars, pipes, smokeless tobacco products, and hookah and kretek products.