Central Japan Railway (OTCMKTS:CJPRY) Share Price Passes Above 50-Day Moving Average - Here's Why

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) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Central Japan Railway Price Performance

The firm has a market capitalization of $25.23 billion, a P/E ratio of 7.77 and a beta of 0.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.43 and a current ratio of 2.48. The firm has a 50-day moving average of $11.18 and a 200-day moving average of $10.40.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to analysts' expectations of $3.13 billion. Central Japan Railway had a return on equity of 10.85% and a net margin of 21.00%. As a group, analysts predict that Central Japan Railway Co. will post 1.35 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.