West Japan Railway (OTCMKTS:WJRYY) Shares Gap Up – Here’s What Happened

West Japan Railway (OTCMKTS:WJRYY) shares gapped up before the market opened on Thursday. The stock had previously closed at $20.34, but opened at $21.11. West Japan Railway shares last traded at $21.11, with a volume of 575 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded West Japan Railway from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

West Japan Railway Stock Up 3.8%

The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $9.62 billion, a PE ratio of 13.28 and a beta of 0.12. The business’s 50-day simple moving average is $19.29 and its 200-day simple moving average is $18.90.

West Japan Railway (OTCMKTS:WJRYY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.77 billion. West Japan Railway had a net margin of 6.17% and a return on equity of 9.05%. As a group, equities research analysts anticipate that West Japan Railway will post 1.64 EPS for the current fiscal year.

About West Japan Railway

West Japan Railway Company, commonly known as JR West, is a passenger rail operator serving western Japan. Its network includes conventional rail lines across the Kansai, Chugoku and Hokuriku regions, as well as the Sanyo Shinkansen, which connects Osaka with Hakata in Fukuoka. Established in 1987 as part of the breakup and privatization of Japan National Railways, JR West provides intercity and regional transportation, including commuter services in major urban areas such as Osaka, Kyoto and Kobe.