Japan Tob (OTCMKTS:JAPAY) Shares Gap Down – What’s Next?

Shares of Japan Tob (OTCMKTS:JAPAY) gapped down before the market opened on Monday. The stock had previously closed at $22.91, but opened at $21.68. Japan Tob shares last traded at $22.8837, with a volume of 3,727 shares traded.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.00.

Japan Tob Stock Up 0.9%

The company has a 50-day moving average price of $21.94 and a 200-day moving average price of $20.11. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35.

Japan Tob (OTCMKTS:JAPAY) last issued its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.15 billion. As a group, research analysts forecast that Japan Tob will post 1.13 earnings per share for the current year.

Japan Tob Company Profile

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, heated tobacco products and other reduced-risk nicotine products marketed under brands such as Winston, MEVIUS, Camel and Ploom. The company serves consumers in Japan and international markets through its tobacco business.

In addition to tobacco, Japan Tobacco operates businesses in pharmaceuticals and processed foods. Its pharmaceutical activities focus on prescription medicines, while its food operations include products such as frozen foods, seasonings and processed food ingredients.