Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Strong Trading Volume – Here’s What Happened

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 91,638 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 84,721 shares.The stock last traded at $8.6885 and had previously closed at $8.95.

Analyst Upgrades and Downgrades

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

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Nippon Yusen Kabushiki Kaisha Trading Up 2.1%

The company’s 50 day simple moving average is $7.40 and its 200-day simple moving average is $7.20. The firm has a market cap of $17.98 billion, a P/E ratio of 12.49 and a beta of 0.73. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.30.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $4.57 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.54% and a net margin of 8.88%. As a group, research analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.79 earnings per share for the current fiscal year.

Nippon Yusen Kabushiki Kaisha Company Profile

(Get Free Report)

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.

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