Japan Steel Works (OTCMKTS:JPSWY) Shares Cross Below 50 Day Moving Average – Here’s Why

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.29 and traded as low as $18.70. Japan Steel Works shares last traded at $18.70, with a volume of 21 shares traded.

Japan Steel Works Stock Performance

The firm’s fifty day moving average price is $19.29 and its 200-day moving average price is $16.85. The company has a market cap of $2.78 billion, a P/E ratio of 26.71 and a beta of 0.65. The company has a current ratio of 1.84, a quick ratio of 1.05 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.