Japan Steel Works (OTCMKTS:JPSWY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.20 and traded as high as $19.25. Japan Steel Works shares last traded at $19.25, with a volume of 7 shares trading hands.

Japan Steel Works Trading Up 2.1 %

The firm has a market capitalization of $2.86 billion, a P/E ratio of 27.50 and a beta of 0.64. The firm has a 50 day moving average of $19.20 and a 200-day moving average of $16.19. The company has a quick ratio of 1.05, a current ratio of 1.84 and a debt-to-equity ratio of 0.10.

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.