Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $9.24 and traded as high as $9.6099. Nippon Yusen Kabushiki Kaisha shares last traded at $9.57, with a volume of 24,563 shares changing hands.

Nippon Yusen Kabushiki Kaisha Stock Performance

The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $9.24 and a 200-day moving average of $7.61. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 13.48 and a beta of 0.64.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.53% and a net margin of 8.88%. The company had revenue of $4.57 billion during the quarter. As a group, sell-side analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.88 earnings per share for the current year.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line, is a Japan-based transportation and logistics company. Founded in 1885, the company operates a diversified fleet and provides marine transportation, logistics, and related services to customers worldwide.

NYK Line’s principal activities include the transportation of automobiles, energy products, dry bulk commodities, and other cargo. The company also participates in container shipping through its investment in Ocean Network Express, a joint venture serving international liner routes.