West Japan Railway (OTCMKTS:WJRYY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• West Japan Railway shares rose 2.5%, trading as high as $20.08 and closing at $19.42, above the 50-day moving average of $19.03.
• Zacks Research downgraded the stock from “strong buy” to “hold”; the broader analyst consensus is also “Hold.”
• The company exceeded quarterly expectations, reporting $0.53 EPS versus $0.47 expected and revenue of $2.69 billion compared with the $2.66 billion consensus estimate.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $19.03 and traded as high as $20.0830. West Japan Railway shares last traded at $19.42, with a volume of 8,743 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of West Japan Railway from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

West Japan Railway Stock Up 2.5%

The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.06. The stock's 50-day simple moving average is $19.03 and its 200 day simple moving average is $18.88. The firm has a market cap of $8.85 billion, a P/E ratio of 11.63 and a beta of 0.09.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. West Japan Railway had a return on equity of 9.37% and a net margin of 6.41%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.66 billion. West Japan Railway has set its FY 2027 guidance at 1.401-1.401 EPS. As a group, research analysts forecast that West Japan Railway will post 1.43 EPS for the current fiscal year.

About West Japan Railway

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.

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