Zacks Investment Research Downgrades The Japan Steel Works (OTCMKTS:JPSWY) to Hold

The Japan Steel Works (OTCMKTS:JPSWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “The Japan Steel Works, Ltd. is involved in producing industrial machinery. The company’s business segments include Steel and Energy Products, Industrial Machinery Products and Real Estate and Other Businesses. Steel and Energy Products segment manufactures and sells iron and steel products, chemical machinery, nuclear power-related machinery, metallic mold, petroleum refinery, petrochemistry, general chemical products, pressure containers, clad plates, various steel pipes and wind generated power machinery. Industry Machinery segment manufactures and sells plastic injection machines, resin manufacturing and processing machinery, hollow molding machines, fluid machines, hydraulic equipment, electronic equipment and display manufacturing equipment, magnesium alloy injection machines and other machinery. Real Estate and Others segment is involved in the real estate leasing and development businesses. The Japan Steel Works, Ltd. is headquartered in Tokyo, Japan. “

JPSWY stock remained flat at $$11.52 during midday trading on Thursday. The business’s fifty day moving average price is $12.56 and its two-hundred day moving average price is $12.34. The Japan Steel Works has a twelve month low of $5.42 and a twelve month high of $16.32. The firm has a market capitalization of $1.71 billion, a PE ratio of 48.00 and a beta of 1.12.

The Japan Steel Works Company Profile

The Japan Steel Works, Ltd. produces and sells steel and machinery products in Japan, China, and internationally. The company operates through Industrial Machinery Products, Steel and Energy Products, and Other Businesses segments. It offers monobloks rotor shafts for power generators; shell flanges for nuclear reactor pressure vessels; turbine castings for thermal power plants; clad steel plates and pipes; high alloy and stainless steel, and Ni-based alloy products; forged steel rolls for steel mills; forged and cast steel products, steel plates, and pressure vessels for use in chemical and petrochemical industries, and other industrial machineries; and pressure vessels maintenance and inspection services for pressure vehicles.

Recommended Story: Why are trading ranges significant?

Get a free copy of the Zacks research report on The Japan Steel Works (JPSWY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Japan Steel Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Japan Steel Works and related companies with MarketBeat.com's FREE daily email newsletter.