Japan Tob (OTCMKTS:JAPAY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Japan Tob (OTCMKTS:JAPAY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.43 and traded as low as $18.10. Japan Tob shares last traded at $18.20, with a volume of 56,365 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays restated an “underweight” rating and set a $17.00 price objective on shares of Japan Tob in a research report on Tuesday, November 25th. Zacks Research upgraded shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $17.00.

Japan Tob Price Performance

The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 20.00 and a beta of 0.35. The company has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $16.82.

Japan Tob Company Profile

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).