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Inpex (OTCMKTS:IPXHY) Share Price Passes Below 50 Day Moving Average - Here's Why

Inpex logo with Oils/Energy background

Inpex Co. (OTCMKTS:IPXHY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.54 and traded as low as $12.02. Inpex shares last traded at $12.50, with a volume of 183,716 shares changing hands.

Inpex Stock Performance

The stock has a market capitalization of $15.42 billion, a P/E ratio of 6.12 and a beta of 0.93. The company's 50-day moving average is $12.47 and its two-hundred day moving average is $13.28. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.18.

Inpex (OTCMKTS:IPXHY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter. Inpex had a net margin of 16.48% and a return on equity of 8.16%.

About Inpex

(Get Free Report)

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.

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