Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Shares Down 1.8% - Here's What Happened

Key Points

• Nippon Yusen Kabushiki Kaisha shares fell by 1.8%, closing at $7.10 after trading as low as $7.08, with a significant drop in trading volume.
• Goldman Sachs has upgraded the stock to a "hold" rating, contributing to a current consensus rating of "Hold" among analysts.
• The company reported a net margin of 16.48% and earnings of $0.14 per share for the last quarter, with revenues totaling $4.16 billion.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report)'s share price was down 1.8% on Wednesday . The company traded as low as $7.08 and last traded at $7.10. Approximately 21,175 shares were traded during trading, a decline of 17% from the average daily volume of 25,597 shares. The stock had previously closed at $7.23.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Nippon Yusen Kabushiki Kaisha to a "hold" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Nippon Yusen Kabushiki Kaisha Stock Down 1.8%

The company has a market capitalization of $15.41 billion, a PE ratio of 5.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.55. The stock's 50 day moving average is $7.26 and its 200 day moving average is $7.03.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.