Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Up 5.2% – Here’s Why

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s share price shot up 5.2% during mid-day trading on Tuesday . The stock traded as high as $8.48 and last traded at $8.43. 1,238 shares were traded during mid-day trading, a decline of 99% from the average session volume of 87,013 shares. The stock had previously closed at $8.01.

Analysts Set New Price Targets

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

Nippon Yusen Kabushiki Kaisha Stock Performance

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 $7.05 and a 200 day moving average price of $7.07. The stock has a market cap of $17.12 billion, a P/E ratio of 11.90 and a beta of 0.73.

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. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.54%. The firm had revenue of $4.57 billion for the quarter. On average, equities analysts expect 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.