Central Japan Railway (OTCMKTS:CJPRY) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Central Japan Railway Co. (OTCMKTS:CJPRY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.71 and traded as low as $13.68. Central Japan Railway shares last traded at $13.71, with a volume of 33,161 shares changing hands.

Central Japan Railway Stock Down 0.9%

The business has a 50 day moving average of $13.71 and a two-hundred day moving average of $13.24. The stock has a market capitalization of $26.54 billion, a PE ratio of 7.66 and a beta of 0.21. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.33 and a current ratio of 2.40.

Central Japan Railway (OTCMKTS:CJPRY) last announced its earnings results on Wednesday, October 29th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. Central Japan Railway had a net margin of 27.03% and a return on equity of 11.13%. Analysts predict that Central Japan Railway Co. will post 1.35 EPS 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.