Inpex (OTCMKTS:IPXHY) Shares Pass Above 50 Day Moving Average - What's Next?

Key Points

• Inpex Corp. (OTCMKTS:IPXHY) shares have recently surpassed their 50-day moving average of $14.94, reaching a high of $17.30 during trading.
• The company reported a quarterly earnings per share of $0.56 for the last quarter, with total revenue of $3.54 billion.
• Inpex has a market cap of $21.50 billion and a low debt-to-equity ratio of 0.16, indicating a relatively healthy balance sheet.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.94 and traded as high as $17.30. Inpex shares last traded at $17.23, with a volume of 33,938 shares trading hands.

Inpex Trading Down 1.5%

The stock has a 50 day simple moving average of $15.15 and a 200-day simple moving average of $13.89. The firm has a market capitalization of $21.83 billion, a P/E ratio of 7.26 and a beta of 0.57. The company has a current ratio of 1.52, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Inpex (OTCMKTS:IPXHY - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $3.54 billion during the quarter. Inpex had a return on equity of 9.08% and a net margin of 20.57%.

About Inpex

Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan, rest of Asia and Oceania, Europe and NIS countries, the Middle East and Africa, and the Americas. The company is involved in the investment and lending to the companies engaged in mineral resources business, etc.