Jinpan International Limited Stock Rating Upgraded by TheStreet (JST)
Jinpan International Limited (NYSE:JST) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Thursday, American Banking and Market News reports.
The analysts wrote, “Jinpan International (JST) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Jinpan International Limited (NYSE:JST) traded down 0.81% during mid-day trading on Thursday, hitting $8.55. The stock had a trading volume of 19,210 shares. Jinpan International Limited has a 52-week low of $4.38 and a 52-week high of $8.90. The stock’s 50-day moving average is $6.78 and its 200-day moving average is $6.32. The company has a market cap of $139.2 million and a P/E ratio of 8.59.
Jinpan International Limited (NYSE:JST) last announced its earnings results on Wednesday, November 13th. The company reported $0.42 earnings per share for the quarter.
Jinpan International Limited is engaged in the design and manufacture of cast resin transformers, switchgears, unit substations, reactors and other wind energy products.
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