Central Japan Railway (OTCMKTS:CJPRY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Central Japan Railway Co. (OTCMKTS:CJPRY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.44 and traded as low as $10.91. Central Japan Railway shares last traded at $10.94, with a volume of 150,285 shares trading hands.

Central Japan Railway Price Performance

The firm’s fifty day moving average price is $12.39 and its 200 day moving average price is $13.44. The firm has a market capitalization of $21.67 billion, a PE ratio of 5.72 and a beta of 0.20. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.92.

Central Japan Railway (OTCMKTS:CJPRY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.10 billion. Central Japan Railway had a net margin of 27.67% and a return on equity of 11.18%. As a group, equities analysts forecast that Central Japan Railway Co. will post 1.56 earnings per share for the current year.

Central Japan Railway Company Profile

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.