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

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Nippon Yusen Kabushiki Kaisha has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $7.25. The company has a market capitalization of $18.83 billion, a P/E ratio of 13.08 and a beta of 0.67.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $4.57 billion for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.54%. Equities analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.79 EPS 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.