Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) to a hold rating in a report issued on Thursday,Zacks.com reports.

Nippon Yusen Kabushiki Kaisha Stock Down 1.2%

Shares of OTCMKTS:NPNYY opened at $6.59 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.95. The company has a market cap of $13.47 billion, a PE ratio of 9.84 and a beta of 0.82. Nippon Yusen Kabushiki Kaisha has a 52 week low of $6.05 and a 52 week high of $8.01. The firm has a 50 day simple moving average of $7.28 and a 200 day simple moving average of $6.81.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.07 EPS for the quarter. The business had revenue of $3.90 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.69%. As a group, research analysts expect that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share 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.