Japan Steel Works (OTCMKTS:JPSWY) Trading Down 10.4% – Here’s What Happened

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY)’s share price was down 10.4% during mid-day trading on Tuesday . The company traded as low as $22.81 and last traded at $23.2250. Approximately 8 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 263 shares. The stock had previously closed at $25.92.

Japan Steel Works Trading Down 3.7%

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.18 and a quick ratio of 1.19. The firm’s 50 day moving average price is $28.07 and its 200 day moving average price is $28.94. The stock has a market capitalization of $3.39 billion, a P/E ratio of 26.51 and a beta of 0.34.

Japan Steel Works (OTCMKTS:JPSWY) last posted its earnings results on Wednesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $466.91 million for the quarter, compared to analysts’ expectations of $575.14 million. Japan Steel Works had a return on equity of 8.57% and a net margin of 7.01%.

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.