Japan Steel Works (OTCMKTS:JPSWY) Sees Unusually-High Trading Volume – Still a Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares saw an uptick in trading volume on Friday . 1,000 shares changed hands during trading, an increase of 279% from the previous session’s volume of 264 shares.The stock last traded at $24.97 and had previously closed at $25.6650.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JPSWY. The Goldman Sachs Group initiated coverage on Japan Steel Works in a research report on Thursday, September 25th. They set a “buy” rating on the stock. Zacks Research lowered Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Japan Steel Works Stock Down 2.7%

The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.72 billion, a PE ratio of 24.97 and a beta of 0.34. The business has a 50-day moving average price of $30.17 and a 200-day moving average price of $30.32.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. Japan Steel Works had a return on equity of 10.37% and a net margin of 7.97%. Equities research analysts forecast 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.