Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Up – Here’s What Happened

Shares of The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) gapped up before the market opened on Tuesday. The stock had previously closed at $16.7450, but opened at $18.15. Japan Steel Works shares last traded at $17.2950, with a volume of 101 shares changing hands.

Japan Steel Works Stock Performance

The company has a market cap of $2.82 billion, a PE ratio of 22.55 and a beta of 0.46. The business’s 50-day moving average is $21.83 and its 200 day moving average is $25.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.33.

Japan Steel Works (OTCMKTS:JPSWY) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Japan Steel Works had a net margin of 7.40% and a return on equity of 7.82%. The company had revenue of $424.60 million for the quarter, compared to the consensus estimate of $490.56 million.

About Japan Steel Works

Japan Steel Works, Ltd. is a Japanese manufacturer of industrial machinery and steel products. Its offerings include large steel castings and forgings, as well as equipment used in energy, infrastructure and manufacturing applications. The company also makes machinery for processing plastics, including injection molding machines and extruders. Its products serve industries such as automotive, electronics, chemicals and packaging, while its heavy steel products are used in areas including power generation and industrial equipment.