Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Gap Down – Here’s What Happened

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) shares gapped down prior to trading on Friday . The stock had previously closed at $6.39, but opened at $6.17. Nippon Yusen Kabushiki Kaisha shares last traded at $6.3750, with a volume of 5,229 shares changing hands.

Nippon Yusen Kabushiki Kaisha Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.51 and a quick ratio of 1.40. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 6.63 and a beta of 1.11. The firm has a 50 day simple moving average of $6.44 and a 200-day simple moving average of $6.88.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $3.94 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 10.10% and a net margin of 12.71%.

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.