Japan Tob (OTCMKTS:JAPAY) Stock Jumps 14.7% – Here’s What Happened

Japan Tob (OTCMKTS:JAPAY)’s stock price traded up 14.7% during trading on Wednesday. The stock traded as high as $17.75 and last traded at $17.4440. Approximately 22,078 shares traded hands during trading, a decline of 83% from the average daily volume of 127,859 shares. The stock had previously closed at $15.21.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JAPAY shares. Zacks Research raised shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. BTIG Research began coverage on Japan Tob in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Japan Tob Price Performance

The firm has a fifty day moving average price of $21.92 and a 200 day moving average price of $20.03. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35.

Japan Tob (OTCMKTS:JAPAY) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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. On average, sell-side analysts forecast that Japan Tob will post 1.16 earnings per share for the current year.

About Japan Tob

Japan Tobacco Inc. is a Japanese company whose principal business is the manufacture and sale of tobacco products. Its portfolio includes cigarette brands such as Winston and Mevius, and the company also offers reduced-risk products and other tobacco-related products. Through its international operations, the company sells tobacco products in markets around the world. Japan Tobacco traces its origins to Japan’s government tobacco monopoly, established in 1898, and became a public company in 1985.