Central Japan Railway (OTCMKTS:CJPRY) Shares Gap Up – Still a Buy?

Central Japan Railway Co. (OTCMKTS:CJPRY) gapped up prior to trading on Tuesday . The stock had previously closed at $10.71, but opened at $11.37. Central Japan Railway shares last traded at $11.38, with a volume of 5,505 shares trading hands.

Central Japan Railway Stock Performance

The firm has a market cap of $22.37 billion, a PE ratio of 5.91 and a beta of 0.17. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.92. The firm’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $12.81.

Central Japan Railway (OTCMKTS:CJPRY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Central Japan Railway had a return on equity of 11.18% and a net margin of 27.67%.The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.10 billion. On average, research analysts forecast that Central Japan Railway Co. will post 1.56 EPS for the current fiscal year.

Central Japan Railway Company Profile

Central Japan Railway Company (JR Central) is a major Japanese passenger rail operator best known for running the Tokaido Shinkansen high?speed rail line, which connects the Tokyo, Nagoya and Osaka corridors. The company’s core activities center on intercity high?speed transport as well as conventional commuter and regional rail services across the Chubu and Tokaido regions of central Japan. JR Central operates and maintains rolling stock, station facilities and the infrastructure necessary to deliver frequent, high?capacity passenger service on one of the busiest rail corridors in the world.

Beyond train operations, JR Central derives revenue from a range of railway?related businesses including station retail and commercial leases, real estate and property development around major stations, hotel and travel services, and peripheral retail and restaurant operations.