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

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped up before the market opened on Monday . The stock had previously closed at $7.84, but opened at $8.1520. Nippon Yusen Kabushiki Kaisha shares last traded at $8.11, with a volume of 1,885 shares traded.

Analyst Upgrades and Downgrades

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

Nippon Yusen Kabushiki Kaisha Stock Performance

The company has a market cap of $16.58 billion, a price-to-earnings ratio of 11.52 and a beta of 0.73. The firm’s 50 day simple moving average is $7.03 and its 200-day simple moving average is $7.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its 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%. On average, sell-side analysts predict 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.