Central Japan Railway (OTCMKTS:CJPRY) Shares Gap Down – Time to Sell?

Central Japan Railway Co. (OTCMKTS:CJPRY) shares gapped down before the market opened on Friday . The stock had previously closed at $10.84, but opened at $10.47. Central Japan Railway shares last traded at $10.46, with a volume of 1,028 shares trading hands.

Central Japan Railway Trading Down 1.4%

The company has a market cap of $21.01 billion, a price-to-earnings ratio of 5.55 and a beta of 0.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.29 and a quick ratio of 2.22. The firm’s fifty day moving average price is $11.87 and its 200-day moving average price is $13.26.

Central Japan Railway (OTCMKTS:CJPRY) last announced its quarterly 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. Central Japan Railway had a net margin of 27.67% and a return on equity of 11.18%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. On average, equities analysts expect that Central Japan Railway Co. will post 1.56 EPS for the current fiscal year.

Central Japan Railway Company Profile

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.