Japan Steel Works (OTCMKTS:JPSWY) Shares Up 8.7% – Time to Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) rose 8.7% during trading on Thursday . The company traded as high as $24.52 and last traded at $24.52. Approximately 2 shares changed hands during trading, a decline of 99% from the average session volume of 235 shares. The stock had previously closed at $22.5605.

Japan Steel Works Stock Performance

The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 28.18 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. The company’s fifty day simple moving average is $25.13 and its two-hundred day simple moving average is $28.26.

Japan Steel Works (OTCMKTS:JPSWY) last issued its earnings results on Wednesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business 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.