Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase - Here's Why

Key Points

• Japan Tobacco’s trading volume surged 256% to 440,980 shares, while the stock rose to $23.95 from a previous close of $23.60.
• BTIG Research initiated coverage with a “Buy” rating, but overall analyst sentiment remains “Hold,” with one Buy, one Hold and one Sell rating and an average price target of $17.00.
• The company beat quarterly expectations, reporting $0.41 earnings per share versus a $0.33 estimate and revenue of $6.67 billion versus $6.15 billion expected.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) saw an uptick in trading volume on Friday. 440,980 shares were traded during trading, an increase of 256% from the previous session's volume of 124,018 shares. The stock last traded at $23.95 and had previously closed at $23.60.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of Japan Tob in a research report on Wednesday, July 22nd. They issued a "buy" rating for the company. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.00.

Japan Tob Trading Down 0.1%

The business's 50-day moving average is $22.15 and its two-hundred day moving average is $20.35. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $85.15 billion, a PE ratio of 17.50, a PEG ratio of 1.57 and a beta of 0.28.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.15 billion. On average, analysts predict that Japan Tob will post 1.13 earnings per share for the current year.

Japan Tob Company Profile

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.

The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.

Japan Tobacco traces its history to Japan's former tobacco monopoly and was established in its current corporate form in 1985.

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