Japan Tob (OTCMKTS:JAPAY) Sees Large Volume Increase – Time to Buy?

Japan Tob (OTCMKTS:JAPAY) shares saw unusually-high trading volume on Wednesday . Approximately 94,301 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 120,619 shares.The stock last traded at $19.38 and had previously closed at $19.97.

Analyst Ratings Changes

Several brokerages have recently weighed in on JAPAY. Zacks Research downgraded Japan Tob from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reissued an “underweight” rating and issued a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.00.

Japan Tob Stock Up 0.4%

The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 21.24 and a beta of 0.34. The firm has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $17.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36.

Japan Tob Company Profile

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).