Japan Tob (OTCMKTS:JAPAY – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 58,181 shares, a decline of 40.8% from the September 30th total of 98,198 shares. Based on an average trading volume of 132,910 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on JAPAY shares. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. BTIG Research assumed coverage on Japan Tob in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Japan Tob has a consensus rating of “Moderate Buy” and an average price target of $17.00.
Check Out Our Latest Stock Analysis on JAPAY
Japan Tob Trading Up 2.0%
JAPAY stock opened at $23.39 on Tuesday. The firm’s 50-day moving average price is $22.36 and its two-hundred day moving average price is $20.00. Japan Tob has a 12-month low of $16.74 and a 12-month high of $24.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04.
Japan Tob (OTCMKTS:JAPAY – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.45 billion. As a group, analysts expect that Japan Tob will post 1.16 EPS for the current year.
Japan Tob Company Profile
Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.
The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.
Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.
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