Central Japan Railway (OTCMKTS:CJPRY) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Central Japan Railway shares have increased beyond their 50-day moving average of $11.18, reaching a high of $12.87 during recent trading sessions.
• The company reported earnings of $0.51 EPS for the last quarter, exceeding analysts' expectations of $0.45, with revenues of $3.23 billion surpassing estimates of $3.13 billion.
• Central Japan Railway has a market capitalization of $25.23 billion and a P/E ratio of 7.77, indicating solid financial performance relative to its market value.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.18 and traded as high as $12.87. Central Japan Railway shares last traded at $12.82, with a volume of 24,740 shares trading hands.

Central Japan Railway Price Performance

The company's 50-day simple moving average is $11.26 and its 200-day simple moving average is $10.48. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.48 and a quick ratio of 2.43. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 7.82 and a beta of 0.43.

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

About Central Japan Railway

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.