Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Hits New 12-Month High – Here’s What Happened

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $9.33 and last traded at $9.29, with a volume of 2531 shares traded. The stock had previously closed at $8.78.

Wall Street Analysts Forecast Growth

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

Nippon Yusen Kabushiki Kaisha Stock Up 4.2%

The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 13.08 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99. The firm’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.25.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.54%. The business had revenue of $4.57 billion for the quarter. On average, sell-side analysts expect that Nippon Yusen Kabushiki Kaisha will post 0.79 EPS for the current fiscal 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.