Central Japan Railway (OTCMKTS:CJPRY) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Central Japan Railway Co. (OTCMKTS:CJPRY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.65 and traded as low as $11.37. Central Japan Railway shares last traded at $11.40, with a volume of 118,084 shares trading hands.

Central Japan Railway Stock Performance

The business’s fifty day moving average price is $13.22 and its two-hundred day moving average price is $13.65. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.22 and a current ratio of 2.29. The stock has a market capitalization of $22.83 billion, a P/E ratio of 6.03 and a beta of 0.20.

Central Japan Railway (OTCMKTS:CJPRY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Central Japan Railway had a net margin of 27.67% and a return on equity of 11.18%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. As a group, sell-side analysts forecast that Central Japan Railway Co. will post 1.52 earnings per share for the current year.

Central Japan Railway Company Profile

Central Japan Railway Company (JR Central) is a major Japanese passenger rail operator best known for running the Tokaido Shinkansen high‑speed rail line, which connects the Tokyo, Nagoya and Osaka corridors. The company’s core activities center on intercity high‑speed transport as well as conventional commuter and regional rail services across the Chubu and Tokaido regions of central Japan. JR Central operates and maintains rolling stock, station facilities and the infrastructure necessary to deliver frequent, high‑capacity passenger service on one of the busiest rail corridors in the world.

Beyond train operations, JR Central derives revenue from a range of railway‑related businesses including station retail and commercial leases, real estate and property development around major stations, hotel and travel services, and peripheral retail and restaurant operations.