Central Japan Railway (OTCMKTS:CJPRY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Central Japan Railway Co. (OTCMKTS:CJPRY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.75 and traded as high as $13.84. Central Japan Railway shares last traded at $13.39, with a volume of 107,613 shares changing hands.

Central Japan Railway Stock Up 0.7%

The firm’s fifty day moving average is $13.75 and its 200-day moving average is $13.34. The company has a market capitalization of $26.11 billion, a P/E ratio of 7.54 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 issued its earnings results on Wednesday, October 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. Central Japan Railway had a net margin of 27.03% and a return on equity of 11.13%. As a group, equities research analysts predict that Central Japan Railway Co. will post 1.35 EPS for the current year.

About Central Japan Railway

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.