Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Should You Sell?

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped down before the market opened on Friday. The stock had previously closed at $18.9450, but opened at $17.61. Japan Steel Works shares last traded at $17.52, with a volume of 364 shares traded.

Japan Steel Works Trading Down 6.0%

The firm’s 50-day moving average price is $21.73 and its 200 day moving average price is $25.91. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 20.86 and a beta of 0.46. The company has a current ratio of 2.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Japan Steel Works (OTCMKTS:JPSWY) last released its earnings results on Tuesday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The company had revenue of $424.60 million for the quarter, compared to analyst estimates of $490.56 million. Japan Steel Works had a net margin of 7.40% and a return on equity of 7.82%.

Japan Steel Works Company Profile

Japan Steel Works, Ltd. is a Japanese manufacturer of industrial machinery and steel products. Its offerings include large steel castings and forgings, as well as equipment used in energy, infrastructure and manufacturing applications. The company also makes machinery for processing plastics, including injection molding machines and extruders. Its products serve industries such as automotive, electronics, chemicals and packaging, while its heavy steel products are used in areas including power generation and industrial equipment.