Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) saw strong trading volume on Monday . 224,420 shares changed hands during trading, an increase of 197% from the previous session’s volume of 75,656 shares.The stock last traded at $6.56 and had previously closed at $6.67.

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. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nippon Yusen Kabushiki Kaisha has a consensus rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

The company has a market capitalization of $13.55 billion, a P/E ratio of 9.90 and a beta of 0.77. The firm’s fifty day moving average is $7.25 and its 200 day moving average is $6.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.95.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.07 EPS for the quarter. The company had revenue of $3.90 billion for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.69%. As a group, analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share 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.