Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Reaches New 52-Week High – Here’s What Happened

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $9.80 and last traded at $9.5750, with a volume of 496 shares. The stock had previously closed at $9.73.

Analysts Set New Price Targets

Separately, Zacks Research raised Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

The stock has a market cap of $19.50 billion, a P/E ratio of 13.55 and a beta of 0.67. The business has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $7.51. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $4.57 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.53% and a net margin of 8.88%. On average, analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.79 earnings per share for the current year.

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line, is a Japanese transportation and logistics company headquartered in Tokyo. Founded in 1885, the company developed from Japan’s early modern shipping industry and has grown into an international provider of marine transportation and supply-chain services.

NYK’s businesses include the transportation of automobiles, dry bulk commodities, energy products, and other cargo. The company operates car carriers, bulk vessels, tankers, and liquefied natural gas carriers, while also participating in container shipping through its investment in Ocean Network Express, a joint venture with other major Japanese shipping companies.

In addition to ocean transportation, NYK provides logistics, warehousing, freight forwarding, air cargo, terminal operations, and other supply-chain services.