Japan Tob (OTCMKTS:JAPAY) Shares Gap Down – Here’s Why

Japan Tob (OTCMKTS:JAPAY) gapped down before the market opened on Tuesday . The stock had previously closed at $18.57, but opened at $18.12. Japan Tob shares last traded at $18.47, with a volume of 4,471 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “underweight” rating and set a $17.00 target price on shares of Japan Tob in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Japan Tob has an average rating of “Moderate Buy” and an average price target of $17.00.

Japan Tob Price Performance

The stock has a fifty day moving average of $18.05 and a 200-day moving average of $16.43. The company has a quick ratio of 1.32, a current ratio of 1.84 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $65.80 billion, a P/E ratio of 20.36 and a beta of 0.34.

Japan Tob Company Profile

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).