Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Down – Should You Sell?

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped down prior to trading on Friday. The stock had previously closed at $9.67, but opened at $9.11. Nippon Yusen Kabushiki Kaisha shares last traded at $9.40, with a volume of 3,000 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Stock Up 1.8%

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’s fifty day moving average price is $8.45 and its 200-day moving average price is $7.55. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 13.25 and a beta of 0.67.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. The business had revenue of $4.57 billion for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.53% and a net margin of 8.88%. Sell-side analysts predict 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.