Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Large Volume Increase – Time to Buy?

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) saw unusually-strong trading volume on Friday . Approximately 83,239 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 54,262 shares.The stock last traded at $6.62 and had previously closed at $6.62.

Nippon Yusen Kabushiki Kaisha Stock Up 0.3%

The stock’s fifty day moving average price is $6.46 and its 200-day moving average price is $6.75. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 9.18 and a beta of 1.12.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.13 earnings per share for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 9.44% and a return on equity of 7.26%. The company had revenue of $4.09 billion for the quarter.

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.