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

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.30, but opened at $7.83. Nippon Yusen Kabushiki Kaisha shares last traded at $7.58, with a volume of 6,858 shares changing hands.

Nippon Yusen Kabushiki Kaisha Price Performance

The company has a 50 day moving average of $6.90 and a 200-day moving average of $6.70. The stock has a market capitalization of $16.73 billion, a P/E ratio of 10.71 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.30.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last released its earnings results on Wednesday, February 4th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $4.09 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 9.44% and a return on equity of 7.26%.

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.