Jason Industries (JASN) Now Covered by Analysts at Roth Capital

Roth Capital started coverage on shares of Jason Industries (NASDAQ:JASN) in a research note published on Thursday. The brokerage issued a buy rating and a $4.50 target price on the technology company’s stock.

Separately, ValuEngine upgraded shares of Jason Industries from a sell rating to a hold rating in a report on Sunday, December 31st.

Jason Industries (NASDAQ JASN) traded up $0.15 during trading hours on Thursday, reaching $2.73. 137,246 shares of the company’s stock were exchanged, compared to its average volume of 131,288. The stock has a market cap of $70.91, a price-to-earnings ratio of -14.37 and a beta of 0.39. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.34 and a current ratio of 2.00. Jason Industries has a 52 week low of $0.77 and a 52 week high of $2.82.

A number of large investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC lifted its holdings in Jason Industries by 40.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 91,600 shares of the technology company’s stock valued at $136,000 after purchasing an additional 26,300 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Jason Industries by 154.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 300,141 shares of the technology company’s stock valued at $477,000 after purchasing an additional 182,310 shares in the last quarter. Finally, Vaughan David Investments Inc. IL lifted its holdings in Jason Industries by 3,974.3% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 407,431 shares of the technology company’s stock valued at $38,914,000 after purchasing an additional 397,431 shares in the last quarter. Institutional investors own 35.38% of the company’s stock.

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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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