JAPAN STEEL WORKS ADR-EACH CNV INTO 2 (NASDAQ: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 Tuesday.

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. “

JAPAN STEEL WORKS ADR-EACH CNV INTO 2 (NASDAQ:JPSWY) remained flat at $9.31 during mid-day trading on Tuesday. The stock’s market capitalization is $1.37 billion. The firm’s 50-day moving average price is $9.80 and its 200 day moving average price is $8.45. JAPAN STEEL WORKS ADR-EACH CNV INTO 2 has a 12-month low of $6.03 and a 12-month high of $10.02.

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