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

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) gapped down prior to trading on Tuesday. The stock had previously closed at $9.30, but opened at $8.78. Nippon Yusen Kabushiki Kaisha shares last traded at $8.78, with a volume of 500 shares trading hands.

Nippon Yusen Kabushiki Kaisha Stock Down 1.1%

The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $9.05 and its 200 day moving average price is $7.77. The firm has a market capitalization of $18.65 billion, a PE ratio of 12.96 and a beta of 0.64.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $4.57 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.53% and a net margin of 8.88%. On average, equities research analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.79 earnings per share for the current fiscal year.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line, is a Japan-based transportation and logistics company. Founded in 1885, the company operates a diversified fleet and provides marine transportation, logistics, and related services to customers worldwide.

NYK Line’s principal activities include the transportation of automobiles, energy products, dry bulk commodities, and other cargo. The company also participates in container shipping through its investment in Ocean Network Express, a joint venture serving international liner routes.