Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Stock Price Up 5.7% – Here’s Why

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY)’s stock price rose 5.7% during trading on Friday . The company traded as high as $7.00 and last traded at $7.00. Approximately 6,184 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 80,049 shares. The stock had previously closed at $6.6220.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Nippon Yusen Kabushiki Kaisha presently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Trading Up 2.7%

The firm has a market cap of $14.23 billion, a PE ratio of 10.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.88. The business has a 50-day moving average price of $7.21 and a two-hundred day moving average price of $6.82.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.07 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.69%. The firm had revenue of $3.90 billion for the quarter. Analysts forecast 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.