Japan Airlines (OTCMKTS:JAPSY) Shares Gap Down – Here’s What Happened

Japan Airlines Ltd (OTCMKTS:JAPSY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.50, but opened at $9.13. Japan Airlines shares last traded at $9.13, with a volume of 323 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group upgraded Japan Airlines from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Zacks Research lowered Japan Airlines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Japan Airlines presently has a consensus rating of “Buy”.

Japan Airlines Price Performance

The company has a 50 day moving average of $9.66 and a 200-day moving average of $9.99. The firm has a market capitalization of $8.27 billion, a P/E ratio of 9.97 and a beta of 0.42. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.

Japan Airlines (OTCMKTS:JAPSY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.31 earnings per share for the quarter. Japan Airlines had a return on equity of 12.66% and a net margin of 6.48%.The firm had revenue of $3.48 billion for the quarter. On average, sell-side analysts predict that Japan Airlines Ltd will post 0.8 EPS for the current year.

Japan Airlines Company Profile

Japan Airlines Co, Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, North America, and Europe. The company operates through Air Transportation and Other segments. It offers passenger, ground handling, cargo and mail handling, and maintenance services.