Jason Industries, Inc. (NASDAQ:JASN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $1.25 price target on the technology company’s stock. Zacks Investment Research‘s target price points to a potential downside of 7.40% from the stock’s current price.

According to Zacks, “Jason Industries, Inc. engages in the manufacturing of Finishing, Seating, Components, and Automotive Acoustics. It produces finishing products, including industrial brushes, buffing wheels, and buffing compounds; supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment manufacturer seating for the heavyweight motorcycles; manufactures engineered non-woven, fiber-based acoustical products; manufactures stamped, formed, expanded, and perforated metal components and subassemblies. Jason Industries, Inc. is headquartered in Milwaukee, Wisconsin. “

Jason Industries (JASN) traded down 0.0074% on Thursday, reaching $1.3499. The company had a trading volume of 207,358 shares. The firm’s market capitalization is $34.99 million. Jason Industries has a 12 month low of $1.13 and a 12 month high of $3.90. The stock has a 50 day moving average of $1.30 and a 200 day moving average of $1.43.

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In related news, major shareholder Wynnefield Partners Small Cap bought 425,000 shares of the stock in a transaction dated Friday, May 26th. The stock was bought at an average cost of $1.35 per share, with a total value of $573,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 455,000 shares of company stock valued at $616,500 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in Jason Industries by 167.7% in the first quarter. Gamco Investors INC. ET AL now owns 106,000 shares of the technology company’s stock worth $157,000 after buying an additional 66,400 shares during the period. Renaissance Technologies LLC increased its stake in shares of Jason Industries by 146.0% in the fourth quarter. Renaissance Technologies LLC now owns 135,305 shares of the technology company’s stock worth $244,000 after buying an additional 80,305 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Jason Industries by 50.4% in the first quarter. Gabelli Funds LLC now owns 365,385 shares of the technology company’s stock worth $541,000 after buying an additional 122,500 shares during the period. Hedge funds and other institutional investors own 38.68% of the company’s stock.

Jason Industries Company Profile

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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