Central Japan Railway (OTCMKTS:CJPRY) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Key Points

• Central Japan Railway's share price surpassed its 50-day moving average of $11.80, reaching a high of $13.03 during trading.
• The company reported a quarterly earnings per share of $0.51, exceeding analysts' expectations of $0.45, with a revenue of $3.23 billion.
• Central Japan Railway has a market capitalization of $25.62 billion and displays financial stability with a debt-to-equity ratio of 1.01.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.80 and traded as high as $13.03. Central Japan Railway shares last traded at $13.02, with a volume of 26,201 shares trading hands.

Central Japan Railway Stock Performance

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 $25.62 billion, a P/E ratio of 7.89 and a beta of 0.43. The company has a fifty day moving average of $11.80 and a two-hundred day moving average of $10.77.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.13 billion. Central Japan Railway had a return on equity of 10.85% and a net margin of 21.00%. On average, equities analysts anticipate 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.

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