Japan Steel Works (OTCMKTS:JPSWY) Shares Climb 7% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price traded up 7% on Wednesday. The company traded as high as $24.55 and last traded at $24.55. 7 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 199 shares. The stock had previously closed at $22.94.

Japan Steel Works Price Performance

The stock has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $25.77. The stock has a market capitalization of $3.65 billion, a P/E ratio of 26.98 and a beta of 0.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.33.

About Japan Steel Works

The Japan Steel Works, Ltd. is a Japanese industrial manufacturer that produces large-scale machinery, steel products and specialized equipment for industrial customers. The company serves markets including plastics processing, energy, semiconductor manufacturing, transportation, shipbuilding and defense.

Its industrial machinery operations manufacture equipment used to process plastics and other materials, including injection molding machines, extrusion systems and related machinery. Japan Steel Works also supplies equipment and components used in semiconductor and energy-related applications.

The company’s steel products business produces large forgings and castings for applications such as power-generation equipment, industrial machinery, ships and other heavy industries.