Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase – Still a Buy?

Japan Tob (OTCMKTS:JAPAY) shares saw an uptick in trading volume on Wednesday . 94,301 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 120,619 shares.The stock last traded at $19.38 and had previously closed at $19.97.

Wall Street Analyst Weigh In

JAPAY has been the topic of several recent analyst reports. Zacks Research lowered shares of Japan Tob from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reaffirmed an “underweight” rating and set a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Japan Tob presently has a consensus rating of “Hold” and an average price target of $17.00.

Japan Tob Price Performance

The business’s fifty day moving average price is $18.60 and its 200 day moving average price is $17.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36. The stock has a market cap of $67.65 billion, a P/E ratio of 20.93 and a beta of 0.34.

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).