Jason Industries Inc (Nasdaq:JASN)
June 13th, 2019
With markets going up Jason Industries Inc fell ($0.08) Thursday, a 10.53% drop, closing at $0.71. Sadly, in addition to dropping JASN ended up closing the day at a new 52 week low.As well as the drop in value, Jason Industries Inc hit a new 52 week low of $0.71. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.95.
JASN was outperformed by the rest of the Industrials sector which went up 0.54%.
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
Jason Industries Inc Info
Jason Industries, Inc., together with its subsidiaries, manufactures and sells finishing products, components, seating products, and acoustics in the United States and internationally. The company offers finishing products, including industrial brushes, buffing wheels and compounds, and abrasives that are used in a range of industrial and infrastructure applications; and expanded and perforated metal components, and slip-resistant surfaces. It also provides seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets; and engineered non-woven fiber-based acoustical products for the automotive industry. Jason Industries, Inc. was founded in 1985 and is headquartered in Milwaukee, Wisconsin.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Jason Industries Inc’s score is 0.95) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.