Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase – Still a Buy?

Japan Tob (OTCMKTS:JAPAY) saw unusually-strong trading volume on Tuesday . Approximately 100,030 shares changed hands during trading, an increase of 91% from the previous session’s volume of 52,440 shares.The stock last traded at $18.27 and had previously closed at $18.58.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays reiterated an “underweight” rating and set a $17.00 price objective on shares of Japan Tob in a research report on Tuesday, November 25th. Zacks Research raised shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $17.00.

Japan Tob Trading Down 1.7%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 1.95. The firm has a 50-day moving average of $18.37 and a 200-day moving average of $16.65. The firm has a market capitalization of $64.84 billion, a P/E ratio of 20.07 and a beta of 0.35.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).