Japan Tobacco Shares Slip 0.9%, Session Low Falls to $12.87

Shares of Japan Tobacco Inc. fell 0.9%. The stock traded as low as $12.87 and closed at $12.90 late in the session.

In trading on Tuesday this week, shares of Japan Tobacco Inc. declined 0.9%. The stock traded as low as $12.87 and finished at $12.90 late in the session. Approximately 39,332 shares changed hands during the reporting period, down 25% from the average daily trading volume of 52,106 shares. The stock had previously closed at $13.02.

According to reports, The Goldman Sachs Group initiated coverage on Japan Tobacco in a report dated October 4 and assigned the company a “Hold” rating.

The company has a quick ratio of 1.39, a current ratio of 1.90, and a debt-to-equity ratio of 0.24. Its 50-day moving average price is $11.95, and its 200-day moving average price is $11.33.

The company reported its latest quarterly earnings on October 31. It posted earnings per share of $0.30 for the quarter. Revenue for the quarter was $5.29 billion. Japan Tobacco has a return on equity of 12.44% and a net margin of 17.21%. On average, sell-side analysts expect Japan Tobacco Inc. to report earnings per share of $0.88 for the current fiscal year.

Japan Tobacco Inc. is a tobacco company engaged in the manufacturing and sale of tobacco products, pharmaceutical products, and processed foods in Japan and globally. Its operations include the tobacco business, pharmaceutical business, and processed food business. Its products include cigarettes, heated tobacco products, vaping products, cut tobacco, cigars, pipe tobacco, smokeless tobacco products, shisha, and more.