Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Up – Should You Buy?

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.13, but opened at $7.4893. Nippon Yusen Kabushiki Kaisha shares last traded at $7.35, with a volume of 9,064 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Stock Up 3.5%

The firm’s fifty day moving average price is $6.74 and its two-hundred day moving average price is $6.93. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 11.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.99 and a quick ratio of 0.91.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its earnings results on Thursday, May 14th. The company reported $0.07 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.60% and a net margin of 8.73%.The business had revenue of $3.90 billion during the quarter. Sell-side analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share for the current fiscal year.

About Nippon Yusen Kabushiki Kaisha

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.