Central Japan Railway (OTCMKTS:CJPRY) Stock Passes Below 200 Day Moving Average – Time to Sell?

Central Japan Railway Co. (OTCMKTS:CJPRY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.65 and traded as low as $11.37. Central Japan Railway shares last traded at $11.40, with a volume of 118,084 shares changing hands.

Central Japan Railway Price Performance

The firm has a fifty day moving average of $13.22 and a 200 day moving average of $13.65. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $22.83 billion, a P/E ratio of 6.03 and a beta of 0.20.

Central Japan Railway (OTCMKTS:CJPRY) last posted its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Central Japan Railway had a net margin of 27.67% and a return on equity of 11.18%. On average, equities research analysts anticipate that Central Japan Railway Co. will post 1.52 EPS for the current year.

About Central Japan Railway

Central Japan Railway Company (JR Central) is a major Japanese passenger rail operator best known for running the Tokaido Shinkansen high?speed rail line, which connects the Tokyo, Nagoya and Osaka corridors. The company’s core activities center on intercity high?speed transport as well as conventional commuter and regional rail services across the Chubu and Tokaido regions of central Japan. JR Central operates and maintains rolling stock, station facilities and the infrastructure necessary to deliver frequent, high?capacity passenger service on one of the busiest rail corridors in the world.

Beyond train operations, JR Central derives revenue from a range of railway?related businesses including station retail and commercial leases, real estate and property development around major stations, hotel and travel services, and peripheral retail and restaurant operations.