West Japan Railway (OTCMKTS:WJRYY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

West Japan Railway (OTCMKTS:WJRYY) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $19.03 and traded as high as $20.0830. West Japan Railway shares last traded at $19.42, with a volume of 8,743 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of West Japan Railway from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating. According to MarketBeat, West Japan Railway presently has an average rating of “Hold”.

West Japan Railway Stock Up 2.5%

The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 11.63 and a beta of 0.09. The stock has a 50 day simple moving average of $19.03 and a 200 day simple moving average of $18.88. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.06.

West Japan Railway (OTCMKTS:WJRYY) last issued its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. West Japan Railway had a return on equity of 9.37% and a net margin of 6.41%. West Japan Railway has set its FY 2027 guidance at 1.401-1.401 EPS. As a group, analysts expect that West Japan Railway will post 1.43 earnings per share for the current fiscal year.

West Japan Railway Company Profile

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.