Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Trading Up 5.2% – Here’s Why

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s stock price shot up 5.2% during trading on Tuesday . The company traded as high as $8.48 and last traded at $8.43. Approximately 1,238 shares traded hands during trading, a decline of 99% from the average session volume of 87,013 shares. The stock had previously closed at $8.01.

Analyst Ratings Changes

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

Nippon Yusen Kabushiki Kaisha Stock Performance

The business has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $7.09. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.21 billion, a PE ratio of 11.96 and a beta of 0.73.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.54% and a net margin of 8.88%.The business had revenue of $4.57 billion for the quarter. Equities research analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 EPS for the current fiscal year.

Nippon Yusen Kabushiki Kaisha Company Profile

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.