Japan Steel Works (OTCMKTS:JPSWY) Shares Gap Down – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $23.8750, but opened at $22.7775. Japan Steel Works shares last traded at $22.7775, with a volume of 4 shares.

Japan Steel Works Stock Up 2.7%

The business has a 50-day simple moving average of $26.34 and a 200-day simple moving average of $28.37. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 27.95 and a beta of 0.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.33 and a current ratio of 2.41.

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

Japan Steel Works Company Profile

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.