Jason Industries, Inc. (JASN)’s Stock Is Buy After Touching 52-Week High

March 13, 2018 - By Winifred Garcia

The stock of Jason Industries, Inc. (NASDAQ:JASN) hit a new 52-week high and has $3.62 target or 8.00 % above today’s $3.35 share price. The 8 months bullish chart indicates low risk for the $91.71M company. The 1-year high was reported on Mar, 13 by Barchart.com. If the $3.62 price target is reached, the company will be worth $7.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.02% or $0.16 during the last trading session, reaching $3.35. About 250,863 shares traded or 85.99% up from the average. Jason Industries, Inc. (NASDAQ:JASN) has declined 64.54% since March 13, 2017 and is downtrending. It has underperformed by 81.24% the S&P500.

Jason Industries, Inc. (NASDAQ:JASN) Ratings Coverage

Among 3 analysts covering Jason Industries (NASDAQ:JASN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jason Industries had 4 analyst reports since November 2, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, August 5 report. The stock of Jason Industries, Inc. (NASDAQ:JASN) has “Buy” rating given on Thursday, January 4 by Roth Capital. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, March 2.

More notable recent Jason Industries, Inc. (NASDAQ:JASN) news were published by: Globenewswire.com which released: “Affiliates of Quinpario Acquisition Corp. 2 Announce Pricing of Notes Offering” on June 28, 2017, also Globenewswire.com with their article: “Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with …” published on February 22, 2017, Globenewswire.com published: “Quinpario Acquisition Corp. 2 Signs Letter of Intent to Create Market-Leading …” on January 17, 2017. More interesting news about Jason Industries, Inc. (NASDAQ:JASN) were released by: Globenewswire.com and their article: “Jason Industries, Inc. (Formerly Quinpario Acquisition Corp.) Announces …” published on July 21, 2014 as well as Globenewswire.com‘s news article titled: “Quinpario Acquisition Corp. 2 Announces Meeting Date for Special Meeting of …” with publication date: June 26, 2017.

Jason Industries, Inc., together with its subsidiaries, engages in the manufacture of seating, finishing, acoustics, and components in the United States and internationally. The company has market cap of $91.71 million. It produces finishing products, such as industrial brushes, buffing wheels, and buffing compounds for use in various industrial and infrastructure applications; and supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment maker seating for the heavyweight motorcycles. It currently has negative earnings. The firm also makes engineered non-woven and fiber acoustical products for the auto industry; and makes stamped, formed, expanded and perforated metal components, and subassemblies for rail and filtration applications, outdoor power equipment, small gas engines, and smart utility meters.

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