Central Japan Railway (OTCMKTS:CJPRY) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Central Japan Railway's share price recently surpassed its 200-day moving average of $11.86, reaching a high of $14.17 during trading.
• The company's quarterly earnings report showed an EPS of $0.51, exceeding analysts' expectations of $0.45, with a revenue of $3.23 billion.
• Central Japan Railway has a market capitalization of $27.71 billion and maintains a low beta of 0.34, indicating less volatility compared to the market.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.86 and traded as high as $14.17. Central Japan Railway shares last traded at $14.08, with a volume of 23,700 shares changing hands.

Central Japan Railway Price Performance

The business's 50-day moving average price is $13.79 and its 200 day moving average price is $11.86. The stock has a market capitalization of $27.71 billion, a PE ratio of 8.53 and a beta of 0.34. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.43 and a current ratio of 2.48.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. Central Japan Railway had a net margin of 21.00% and a return on equity of 10.85%. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.13 billion. Research analysts forecast that Central Japan Railway Co. will post 1.35 earnings per share for the current year.

Central Japan Railway Company Profile

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.

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