Jason Industries (NASDAQ:JASN) Trading 19.3% Higher

Shares of Jason Industries Inc (NASDAQ:JASN) traded up 19.3% during mid-day trading on Thursday . The stock traded as high as $0.60 and last traded at $0.57, 228,910 shares were traded during trading. An increase of 126% from the average session volume of 101,231 shares. The stock had previously closed at $0.48.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Jason Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Jason Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

The stock has a market capitalization of $16.38 million, a P/E ratio of -1.08 and a beta of 1.14. The company’s 50-day moving average is $0.59.

Jason Industries (NASDAQ:JASN) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The company had revenue of $141.98 million for the quarter, compared to the consensus estimate of $153.40 million.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC increased its position in shares of Jason Industries by 20.7% during the first 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 in the last quarter. Skylands Capital LLC increased its position in shares of Jason Industries by 9.4% during the first 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 in the last quarter. Finally, BlackRock Inc. increased its position in shares of Jason Industries by 7.1% during the fourth 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 in the last quarter. 33.23% of the stock is owned by institutional investors.

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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