Inpex (OTCMKTS:IPXHY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• Inpex Corp. shares have surpassed their 50-day moving average of $13.97, reaching a peak of $14.22 during trading, indicating potential bullish momentum.
• The company's recent quarterly earnings report showed a net margin of 19.57% and $3.52 billion in revenue, with earnings per share (EPS) at $0.69.
• Inpex has a market capitalization of $17.67 billion, a low debt-to-equity ratio of 0.17, and a price-to-earnings ratio of 6.13, reflecting a relatively stable financial position.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.97 and traded as high as $14.22. Inpex shares last traded at $14.16, with a volume of 36,193 shares trading hands.

Inpex Price Performance

The stock's 50-day moving average is $14.03 and its 200 day moving average is $13.19. The stock has a market capitalization of $17.76 billion, a PE ratio of 6.16 and a beta of 0.59. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.17.

Inpex (OTCMKTS:IPXHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.69 EPS for the quarter. Inpex had a net margin of 19.57% and a return on equity of 8.68%. The firm had revenue of $3.52 billion for the quarter.

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.