Jason Industries (NASDAQ:JASN) Trading Up 15.6%

Shares of Jason Industries Inc (NASDAQ:JASN) were up 15.6% on Friday . The company traded as high as $0.55 and last traded at $0.52, approximately 554,781 shares were traded during mid-day trading. An increase of 449% from the average daily volume of 101,050 shares. The stock had previously closed at $0.45.

A number of equities research analysts have weighed in on JASN shares. ValuEngine raised Jason Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Zacks Investment Research raised Jason Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

The stock has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $1.27. The stock has a market cap of $15.47 million, a price-to-earnings ratio of -0.96 and a beta of 1.14.



Jason Industries (NASDAQ:JASN) last issued its earnings results on Monday, August 12th. The technology company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.38). The business had revenue of $138.30 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Jason Industries by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 770,138 shares of the technology company’s stock valued at $500,000 after acquiring an additional 47,000 shares during the last quarter. Skylands Capital LLC lifted its stake in shares of Jason Industries by 9.4% in the 1st quarter. Skylands Capital LLC now owns 590,802 shares of the technology company’s stock valued at $827,000 after acquiring an additional 50,802 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Jason Industries by 72.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 430,034 shares of the technology company’s stock valued at $280,000 after acquiring an additional 181,378 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Jason Industries by 7.1% in the 4th quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock valued at $142,000 after acquiring an additional 6,883 shares during the last quarter. Finally, Spark Investment Management LLC lifted its stake in shares of Jason Industries by 20.7% in the 1st quarter. Spark Investment Management LLC now owns 59,500 shares of the technology company’s stock valued at $83,000 after acquiring an additional 10,200 shares during the last quarter. Institutional investors own 32.90% of the company’s stock.

Jason Industries Company Profile (NASDAQ:JASN)

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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