Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Time to Sell?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped down prior to trading on Thursday . The stock had previously closed at $24.00, but opened at $23.0250. Japan Steel Works shares last traded at $23.0250, with a volume of 21 shares traded.

Japan Steel Works Trading Up 2.4%

The stock’s 50-day simple moving average is $27.93 and its two-hundred day simple moving average is $28.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.19. The firm has a market capitalization of $3.39 billion, a P/E ratio of 26.44 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY) last released its earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, topping 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 firm had revenue of $466.91 million for the quarter, compared to the consensus estimate of $575.14 million.

About Japan Steel Works

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.