On Thursday Jason Industries Inc (Nasdaq:JASN) Closed At A New 52 Week Low of $0.71

JASN
JASN

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%.

Market Sectors

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%.

Sector Breakdown

  • 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.

JASN daily update
JASN daily update

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