Japan Steel Works (OTCMKTS:JPSWY) Stock Price Up 7.5% – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s stock price shot up 7.5% on Thursday . The stock traded as high as $24.7225 and last traded at $24.7225. Approximately 4 shares were traded during trading, a decline of 98% from the average session volume of 228 shares. The stock had previously closed at $23.00.

Japan Steel Works Stock Performance

The firm’s 50 day moving average is $24.54 and its 200-day moving average is $28.20. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.30 and a beta of 0.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.33 and a current ratio of 2.41.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. Japan Steel Works had a net margin of 7.01% and a return on equity of 8.48%. The company had revenue of $466.91 million for the quarter, compared to analyst estimates of $575.14 million.

Japan Steel Works Company Profile

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.