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

Key Points

• Inpex Corp. stock has recently surpassed its 50-day moving average of $14.15, reaching a trading high of $15.61 before settling at $15.53, indicating potential upward momentum.
• The company reported a quarterly EPS of $0.56 with a net margin of 19.57% and a return on equity of 8.68%, showcasing its profitability and efficiency.
• Inpex has a low debt-to-equity ratio of 0.17, and maintains strong liquidity with a quick ratio of 1.27 and a current ratio of 1.37, suggesting financial stability.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.15 and traded as high as $15.61. Inpex shares last traded at $15.53, with a volume of 24,578 shares changing hands.

Inpex Trading Down 1.0%

The company has a market cap of $19.19 billion, a price-to-earnings ratio of 6.44 and a beta of 0.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 1.37. The firm has a fifty day moving average price of $14.18 and a 200 day moving average price of $13.29.

Inpex (OTCMKTS:IPXHY - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.56 EPS for the quarter. The company had revenue of $3.54 billion during the quarter. Inpex had a return on equity of 9.05% and a net margin of 20.57%.

Inpex Company Profile

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.