Jason Industries (NASDAQ:JASN) Trading 5.3% Higher

Jason Industries Inc (NASDAQ:JASN) shares traded up 5.3% during mid-day trading on Thursday . The company traded as high as $0.22 and last traded at $0.20, 582,500 shares changed hands during mid-day trading. An increase of 213% from the average session volume of 185,961 shares. The stock had previously closed at $0.19.

Separately, ValuEngine upgraded Jason Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd.

The stock has a fifty day moving average price of $0.29 and a two-hundred day moving average price of $0.63.

Jason Industries (NASDAQ:JASN) last issued its quarterly earnings results on Monday, August 12th. The technology company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.38). The firm had revenue of $138.30 million during the quarter.

An institutional investor recently raised its position in Jason Industries stock. Vanguard Group Inc. grew its position in Jason Industries Inc (NASDAQ:JASN) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 770,138 shares of the technology company’s stock after acquiring an additional 47,000 shares during the quarter. Vanguard Group Inc. owned approximately 2.75% of Jason Industries worth $500,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 28.39% of the company’s stock.

Jason Industries Company Profile (NASDAQ:JASN)

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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