Central Japan Railway (OTCMKTS:CJPRY) Shares Gap Up – Time to Buy?

Shares of Central Japan Railway Co. (OTCMKTS:CJPRY) gapped up before the market opened on Thursday . The stock had previously closed at $12.81, but opened at $13.55. Central Japan Railway shares last traded at $13.10, with a volume of 5,222 shares traded.

Central Japan Railway Price Performance

The stock has a 50-day moving average price of $13.78 and a 200 day moving average price of $12.31. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 7.44 and a beta of 0.27. The company has a current ratio of 2.91, a quick ratio of 2.84 and a debt-to-equity ratio of 0.98.

Central Japan Railway (OTCMKTS:CJPRY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Central Japan Railway had a return on equity of 11.33% and a net margin of 27.03%.The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. As a group, equities research analysts expect that Central Japan Railway Co. will post 1.35 earnings per share for the current year.

Central Japan Railway Company Profile

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.