Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Reaches New 1-Year High – Here’s Why

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) reached a new 52-week high during trading on Thursday . The company traded as high as $8.53 and last traded at $8.49, with a volume of 39650 shares trading hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

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

Nippon Yusen Kabushiki Kaisha Stock Up 0.4%

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.99 and a quick ratio of 0.91. The company has a fifty day moving average price of $7.11 and a 200 day moving average price of $7.09. The company has a market cap of $17.21 billion, a PE ratio of 11.96 and a beta of 0.73.

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