Japan Tob (OTCMKTS:JAPAY) Sees Unusually-High Trading Volume – Still a Buy?

Japan Tob (OTCMKTS:JAPAY) shares saw strong trading volume on Wednesday . Approximately 405,674 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 145,954 shares.The stock last traded at $21.6550 and had previously closed at $22.10.

Analyst Ratings Changes

JAPAY has been the subject of a number of research reports. Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. BTIG Research assumed coverage on Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Japan Tob has a consensus rating of “Hold” and a consensus target price of $17.00.

Japan Tob Stock Performance

The company has a market capitalization of $78.69 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.49 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31. The stock has a 50 day moving average price of $19.42 and a two-hundred day moving average price of $19.00.

Japan Tob (OTCMKTS:JAPAY) last announced its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.15 billion. On average, analysts predict that Japan Tob will post 1.09 EPS for the current fiscal year.

About Japan Tob

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).