ValuEngine Lowers Jason Industries (JASN) to Sell

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ValuEngine lowered shares of Jason Industries (NASDAQ:JASN) from a hold rating to a sell rating in a research report sent to investors on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research raised Jason Industries from a sell rating to a hold rating in a research note on Wednesday, May 8th.

NASDAQ JASN traded down $0.05 during trading hours on Wednesday, hitting $1.28. The company had a trading volume of 23,483 shares, compared to its average volume of 105,361. Jason Industries has a fifty-two week low of $1.23 and a fifty-two week high of $3.70. The firm has a market capitalization of $36.68 million, a PE ratio of -2.37 and a beta of 1.17.

Jason Industries (NASDAQ:JASN) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The firm had revenue of $141.98 million during the quarter, compared to the consensus estimate of $153.40 million. On average, equities research analysts predict that Jason Industries will post -0.13 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in JASN. JPMorgan Chase & Co. bought a new position in shares of Jason Industries in the third quarter worth $193,000. Renaissance Technologies LLC grew its stake in shares of Jason Industries by 19.3% in the third quarter. Renaissance Technologies LLC now owns 1,036,916 shares of the technology company’s stock worth $3,494,000 after purchasing an additional 167,400 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Jason Industries by 2.1% in the third quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock worth $2,472,000 after purchasing an additional 15,131 shares in the last quarter. BlackRock Inc. grew its stake in shares of Jason Industries by 7.1% in the fourth quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,883 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new position in shares of Jason Industries in the fourth quarter worth $44,000. 34.74% of the stock is owned by institutional investors.

About Jason Industries

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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