Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Up – Time to Buy?

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped up prior to trading on Monday . The stock had previously closed at $8.51, but opened at $9.01. Nippon Yusen Kabushiki Kaisha shares last traded at $9.01, with a volume of 332 shares trading hands.

Analyst Ratings Changes

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

Nippon Yusen Kabushiki Kaisha Trading Up 0.9%

The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $18.26 billion, a P/E ratio of 12.69 and a beta of 0.73. The business has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.12.

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