Posted by admin on Apr 20th, 2022
Japan Steel Works (OTCMKTS:JPSWY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, “The Japan Steel Works, Ltd. is involved in producing industrial machinery. The company’s business segments include Steel and Energy Products, Industrial Machinery Products and Real Estate and Other Businesses. Steel and Energy Products segment manufactures and sells iron and steel products, chemical machinery, nuclear power-related machinery, metallic mold, petroleum refinery, petrochemistry, general chemical products, pressure containers, clad plates, various steel pipes and wind generated power machinery. Industry Machinery segment manufactures and sells plastic injection machines, resin manufacturing and processing machinery, hollow molding machines, fluid machines, hydraulic equipment, electronic equipment and display manufacturing equipment, magnesium alloy injection machines and other machinery. Real Estate and Others segment is involved in the real estate leasing and development businesses. The Japan Steel Works, Ltd. is headquartered in Tokyo, Japan. “
Separately, Mizuho initiated coverage on shares of Japan Steel Works in a research report on Tuesday, December 21st. They set a “buy” rating for the company.
OTCMKTS:JPSWY opened at $13.69 on Wednesday. Japan Steel Works has a 52 week low of $11.34 and a 52 week high of $18.07. The stock’s fifty day moving average is $14.72 and its two-hundred day moving average is $14.85. The company has a quick ratio of 1.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 22.08 and a beta of 0.88.
Japan Steel Works (OTCMKTS:JPSWY – Get Rating) last posted its earnings results on Monday, February 7th. The company reported $0.12 EPS for the quarter. The firm had revenue of $491.52 million for the quarter. Japan Steel Works had a return on equity of 12.19% and a net margin of 4.83%. On average, sell-side analysts expect that Japan Steel Works will post 0.75 EPS for the current fiscal year.
Japan Steel Works Company Profile (Get Rating)
The Japan Steel Works, Ltd. produces and sells steel and machinery products in Japan, China, and internationally. The company operates through Industrial Machinery Products, Steel and Energy Products, and Other Businesses segments. It offers monobloks rotor shafts for power generators; shell flanges for nuclear reactor pressure vessels; turbine castings for thermal power plants; clad steel plates and pipes; high alloy and stainless steel, and Ni-based alloy products; forged steel rolls for steel mills; forged and cast steel products, steel plates, and pressure vessels for use in chemical and petrochemical industries, and other industrial machineries; and pressure vessels maintenance and inspection services for pressure vehicles.
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