West Japan Railway (OTCMKTS:WJRYY) Shares Gap Up – Time to Buy?

West Japan Railway (OTCMKTS:WJRYY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $20.34, but opened at $21.11. West Japan Railway shares last traded at $21.11, with a volume of 575 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of West Japan Railway from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

West Japan Railway Stock Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 1.12 and a quick ratio of 0.74. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 13.28 and a beta of 0.12. The firm has a fifty day simple moving average of $19.29 and a two-hundred day simple moving average of $18.90.

West Japan Railway (OTCMKTS:WJRYY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.77 billion. West Japan Railway had a return on equity of 9.05% and a net margin of 6.17%. On average, analysts expect that West Japan Railway will post 1.64 EPS for the current year.

About West Japan Railway

West Japan Railway Company, commonly known as JR West, is a passenger rail operator serving western Japan. Its network includes conventional rail lines across the Kansai, Chugoku and Hokuriku regions, as well as the Sanyo Shinkansen, which connects Osaka with Hakata in Fukuoka. Established in 1987 as part of the breakup and privatization of Japan National Railways, JR West provides intercity and regional transportation, including commuter services in major urban areas such as Osaka, Kyoto and Kobe.