Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Time to Buy?

Shares of Japan Airlines Ltd (OTCMKTS:JAPSY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.19, but opened at $8.89. Japan Airlines shares last traded at $8.81, with a volume of 1,741 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Japan Airlines from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Japan Airlines has a consensus rating of “Buy”.

Japan Airlines Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.62 billion, a PE ratio of 8.55 and a beta of 0.42. The firm has a 50 day moving average of $8.10 and a two-hundred day moving average of $8.83.

Japan Airlines (OTCMKTS:JAPSY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $3.18 billion for the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%. Research analysts predict that Japan Airlines Ltd will post 0.6 earnings per share for the current fiscal year.

Japan Airlines Company Profile

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.