Inpex (OTCMKTS:IPXHY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Inpex Co. (OTCMKTS:IPXHY)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.42 and traded as high as $12.70. Inpex shares last traded at $12.63, with a volume of 126,883 shares changing hands.

Inpex Stock Performance

The company’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $13.21. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $15.62 billion, a P/E ratio of 5.52 and a beta of 0.93.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter. Inpex had a net margin of 18.86% and a return on equity of 8.73%. The firm had revenue of $3.40 billion during the quarter.

About Inpex

Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan, rest of Asia and Oceania, Europe and NIS countries, the Middle East and Africa, and the Americas. The company is involved in the investment and lending to the companies engaged in mineral resources business, etc.