Japan Steel Works (OTCMKTS:JPSWY) Stock Price Up 8.7% – Time to Buy?

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price rose 8.7% on Thursday . The stock traded as high as $24.52 and last traded at $24.52. Approximately 2 shares were traded during trading, a decline of 99% from the average session volume of 235 shares. The stock had previously closed at $22.5605.

Japan Steel Works Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.33. The stock has a 50-day moving average price of $25.13 and a 200-day moving average price of $28.26. The firm has a market capitalization of $3.61 billion, a PE ratio of 28.18 and a beta of 0.35.

Japan Steel Works (OTCMKTS:JPSWY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Japan Steel Works had a return on equity of 8.48% and a net margin of 7.01%.The firm had revenue of $466.91 million during the quarter, compared to the consensus estimate of $575.14 million.

About Japan Steel Works

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.