Central Japan Railway (OTCMKTS:CJPRY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Central Japan Railway Co. (OTCMKTS:CJPRY) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.41 and traded as high as $12.52. Central Japan Railway shares last traded at $12.45, with a volume of 50,387 shares traded.

Central Japan Railway Stock Up 3.0%

The company has a market cap of $24.79 billion, a price-to-earnings ratio of 6.88 and a beta of 0.22. The firm’s 50 day simple moving average is $12.07 and its 200 day simple moving average is $12.41. The company has a quick ratio of 1.90, a current ratio of 1.98 and a debt-to-equity ratio of 0.88.

Central Japan Railway (OTCMKTS:CJPRY) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). Central Japan Railway had a net margin of 26.67% and a return on equity of 10.50%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.16 billion. Sell-side analysts anticipate that Central Japan Railway Co. will post 1.61 EPS for the current fiscal year.

About Central Japan Railway

Central Japan Railway Company, also known as JR Central, operates passenger railway services primarily in central Japan. Its most prominent business is the Tokaido Shinkansen, the high-speed rail line connecting Tokyo, Nagoya, Kyoto and Osaka. The company also operates conventional railway lines in the Tokai region and provides transportation services for commuters and other passengers.

JR Central’s railway network serves areas including Aichi, Gifu, Shizuoka, Mie, Nagano, Yamanashi and parts of neighboring regions.