Jason Industries Inc (NASDAQ:JASN) major shareholder Wynnefield Partners Small Cap bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average price of $2.75 per share, with a total value of $137,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Jason Industries Inc (NASDAQ:JASN) opened at $3.11 on Friday. The company has a market cap of $79.93, a price-to-earnings ratio of -11.52 and a beta of 0.38. Jason Industries Inc has a one year low of $0.77 and a one year high of $3.25. The company has a debt-to-equity ratio of -8.91, a quick ratio of 1.34 and a current ratio of 2.02.
Jason Industries (NASDAQ:JASN) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. Jason Industries had a negative net margin of 0.48% and a negative return on equity of 1.21%. The company had revenue of $145.52 million during the quarter, compared to analysts’ expectations of $132.90 million. equities analysts predict that Jason Industries Inc will post 0.03 earnings per share for the current year.
Several equities analysts recently commented on JASN shares. Roth Capital started coverage on shares of Jason Industries in a research note on Thursday, January 4th. They set a “buy” rating and a $4.50 target price for the company. ValuEngine upgraded shares of Jason Industries from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.
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Jason Industries Company Profile
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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