Subaru (OTCMKTS:FUJHY) Share Price Crosses Above Fifty Day Moving Average of $8.82

Subaru Co. (OTCMKTS:FUJHYGet Rating) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.82 and traded as high as $8.89. Subaru shares last traded at $8.77, with a volume of 56,776 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Subaru from a “neutral” rating to a “buy” rating in a report on Tuesday, May 31st.

Subaru Stock Down 1.6 %

The stock has a market cap of $13.46 billion, a P/E ratio of 19.93 and a beta of 0.47. The business has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $8.36.

Subaru (OTCMKTS:FUJHYGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Subaru had a return on equity of 4.11% and a net margin of 2.65%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.21 billion. On average, analysts predict that Subaru Co. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its stake in Subaru by 179.0% during the second quarter. Captrust Financial Advisors now owns 2,935 shares of the company’s stock worth $26,000 after acquiring an additional 1,883 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Subaru during the second quarter worth $111,000. Finally, Beddow Capital Management Inc. grew its holdings in shares of Subaru by 136.0% during the second quarter. Beddow Capital Management Inc. now owns 31,435 shares of the company’s stock worth $279,000 after purchasing an additional 18,117 shares during the last quarter.

Subaru Company Profile

(Get Rating)

Subaru Corporation manufactures and sells automobiles and aerospace products worldwide. It operates through three segments: Automotive Business Unit, Aerospace Company, and Other Businesses. The company manufactures, sells, and repairs passenger cars and their components, airplanes, aerospace-related machinery, and related components; and rents and manages real estate properties.

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