Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Down – Here’s What Happened

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped down before the market opened on Friday . The stock had previously closed at $6.74, but opened at $6.4740. Nippon Yusen Kabushiki Kaisha shares last traded at $6.47, with a volume of 4,457 shares.

Nippon Yusen Kabushiki Kaisha Trading Down 4.0%

The company has a quick ratio of 1.40, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $6.38 and its 200-day moving average is $6.84. The stock has a market capitalization of $14.00 billion, a PE ratio of 6.72 and a beta of 1.12.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 12.71% and a return on equity of 10.10%. The company had revenue of $3.94 billion for the quarter.

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.