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

Key Points

• Central Japan Railway's stock price has risen above its 50-day moving average of $12.45, with current trading at $14.24, indicating positive momentum in the market.
• The company reported an EPS of $0.51, exceeding estimates, alongside a revenue of $3.23 billion, which also surpassed forecasts, showcasing the company's strong financial performance.
• With a market cap of $28.02 billion and a low P/E ratio of 8.63, Central Japan Railway appears to be undervalued compared to its earnings potential.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.45 and traded as high as $14.25. Central Japan Railway shares last traded at $14.24, with a volume of 13,166 shares changing hands.

Central Japan Railway Stock Up 1.3%

The company has a current ratio of 2.48, a quick ratio of 2.43 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $11.22. The firm has a market cap of $28.73 billion, a price-to-earnings ratio of 8.85 and a beta of 0.33.

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