Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sets New 52-Week High – Here’s Why

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.72 and last traded at $7.72, with a volume of 652 shares changing hands. The stock had previously closed at $7.19.

Nippon Yusen Kabushiki Kaisha Price Performance

The company has a market cap of $16.89 billion, a PE ratio of 10.81 and a beta of 1.08. The stock has a fifty day moving average price of $6.78 and a 200-day moving average price of $6.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.88.

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

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.