Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Nippon Yusen Kabushiki Kaisha experienced a 183% increase in trading volume, with approximately 101,521 shares traded on Wednesday, compared to only 35,837 shares previously.
• Goldman Sachs upgraded the company's rating to "hold," contributing to its average analyst rating also being classified as "hold."
• The company reported a net revenue of $4.16 billion for its most recent quarter, with an EPS of $0.14 and a return on equity of 13.49%.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 101,521 shares changed hands during trading, an increase of 183% from the previous session's volume of 35,837 shares.The stock last traded at $6.80 and had previously closed at $6.79.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Nippon Yusen Kabushiki Kaisha to a "hold" rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Nippon Yusen Kabushiki Kaisha Stock Performance

The business has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $7.02. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $14.76 billion, a PE ratio of 5.40 and a beta of 1.08.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 13.49% and a net margin of 16.48%.The company had revenue of $4.16 billion during the quarter.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha provides various logistics services worldwide. It operates through Liner & Logistics Business, Bulk Shipping Business, and Other Business segments. The company offers liner trading services, such as container shipping, and terminal and stevedoring services for containerships, car carriers, and cruise ships; and air cargo transportation services.

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