Japan Airlines (OTCMKTS:JAPSY) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Japan Airlines Ltd (OTCMKTS:JAPSY) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.51 and traded as high as $9.69. Japan Airlines shares last traded at $9.69, with a volume of 16,648 shares.

Japan Airlines Trading Up 3.4%

The company has a market cap of $8.38 billion, a price-to-earnings ratio of 11.40 and a beta of 0.48. The company’s 50 day moving average price is $9.51 and its 200 day moving average price is $8.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.47 and a current ratio of 1.55.

Japan Airlines (OTCMKTS:JAPSY) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.03 earnings per share for the quarter. Japan Airlines had a return on equity of 8.82% and a net margin of 5.68%. The company had revenue of $3.29 billion during the quarter. Research analysts anticipate that Japan Airlines Ltd will post 0.69 EPS for the current year.

About Japan Airlines

Japan Airlines Co, Ltd. is a Japan-based airline and the principal operating company of the Japan Airlines Group. The company provides scheduled domestic and international passenger air transportation, along with air cargo and related travel services. Its offerings include economy, premium economy, and business-class cabins, as well as airport and in-flight services for individual and corporate travelers.

Japan Airlines serves destinations throughout Japan and connects the country with major markets across Asia, North America, Europe, and Oceania.