Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Up – Here’s What Happened

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) shares gapped up prior to trading on Monday . The stock had previously closed at $8.51, but opened at $9.01. Nippon Yusen Kabushiki Kaisha shares last traded at $9.01, with a volume of 332 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

The company has a 50-day moving average of $7.18 and a 200-day moving average of $7.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 12.69 and a beta of 0.73.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.54%. The firm had revenue of $4.57 billion for the quarter. As a group, research analysts anticipate that Nippon Yusen Kabushiki Kaisha will post 0.63 EPS for the current fiscal year.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.