Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $22.18, but opened at $20.91. Japan Steel Works shares last traded at $20.91, with a volume of 20 shares traded.

Japan Steel Works Stock Down 2.9%

The company has a quick ratio of 1.19, a current ratio of 2.33 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 22.31 and a beta of 0.41. The stock has a fifty day moving average price of $23.34 and a two-hundred day moving average price of $25.18.

About Japan Steel Works

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The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) is a Japanese industrial manufacturer that produces advanced materials, machinery and equipment for customers in a range of industries. Despite its name, the company’s operations extend beyond conventional steelmaking and include large steel castings and forgings, specialized metal products, and industrial machinery.

The company’s products and services include equipment for plastics processing, such as injection molding machines and related systems, as well as machinery used in energy, infrastructure, transportation and other industrial applications.

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