Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Hits New 1-Year High – Still a Buy?

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) hit a new 52-week high during trading on Friday . The stock traded as high as $8.06 and last traded at $8.06, with a volume of 803 shares changing hands. The stock had previously closed at $7.84.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nippon Yusen Kabushiki Kaisha currently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99. The business has a 50 day moving average price of $7.01 and a 200-day moving average price of $7.04. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 11.37 and a beta of 0.73.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last released its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. The business had revenue of $4.57 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.54% and a net margin of 8.88%. Research analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 EPS for the current fiscal year.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.