Central Japan Railway (OTCMKTS:CJPRY) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Central Japan Railway's stock (OTCMKTS:CJPRY) has surpassed its 50-day moving average of $12.11, trading at $13.50 with a recent high of $13.53.
• For the latest quarter, the company reported an EPS of $0.51, exceeding expectations, with revenue hitting $3.23 billion, above the anticipated $3.13 billion.
• Central Japan Railway operates key transportation services in Japan, including the Tokaido Shinkansen route connecting Tokyo, Nagoya, and Osaka.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.11 and traded as high as $13.53. Central Japan Railway shares last traded at $13.50, with a volume of 91,903 shares.

Central Japan Railway Price Performance

The company has a quick ratio of 2.43, a current ratio of 2.48 and a debt-to-equity ratio of 1.01. The firm's 50-day moving average is $12.21 and its 200-day moving average is $11.01. The company has a market capitalization of $27.71 billion, a PE ratio of 8.53 and a beta of 0.33.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.51 EPS for the quarter, topping 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 business had revenue of $3.23 billion during the quarter, compared to analysts' expectations of $3.13 billion. Equities analysts predict 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.