Japan Tob (OTCMKTS:JAPAY) Sees Strong Trading Volume – Time to Buy?

Shares of Japan Tob (OTCMKTS:JAPAY) saw strong trading volume on Tuesday . 100,030 shares changed hands during trading, an increase of 91% from the previous session’s volume of 52,440 shares.The stock last traded at $18.27 and had previously closed at $18.58.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays restated an “underweight” rating and set a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Japan Tob presently has an average rating of “Buy” and an average target price of $17.00.

Japan Tob Price Performance

The stock has a market cap of $64.84 billion, a P/E ratio of 20.07 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 1.95. The firm has a 50-day moving average price of $18.37 and a 200-day moving average price of $16.65.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).