Japan Airlines (OTCMKTS:JAPSY) Shares Gap Up – Time to Buy?

Japan Airlines Ltd (OTCMKTS:JAPSY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.19, but opened at $8.89. Japan Airlines shares last traded at $8.81, with a volume of 1,741 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Japan Airlines from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Japan Airlines has an average rating of “Buy”.

Japan Airlines Price Performance

The business has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $8.83. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. The stock has a market cap of $7.62 billion, a PE ratio of 8.55 and a beta of 0.42.

Japan Airlines (OTCMKTS:JAPSY) last posted its earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%.The firm had revenue of $3.18 billion for the quarter. Research analysts forecast that Japan Airlines Ltd will post 0.6 earnings per share for the current year.

About Japan Airlines

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.