Subaru (OTCMKTS:FUJHY) Stock Passes Below 200 Day Moving Average of $8.50

Subaru Co. (OTCMKTS:FUJHYGet Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.50 and traded as low as $8.15. Subaru shares last traded at $8.38, with a volume of 119,058 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on shares of Subaru in a research report on Tuesday, October 25th. They set an “underweight” rating for the company.

Subaru Price Performance

The firm has a market cap of $12.86 billion, a P/E ratio of 16.12 and a beta of 0.54. The company’s 50-day moving average is $8.09 and its two-hundred day moving average is $8.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in shares of Subaru by 179.0% in 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 during the last quarter. SVB Wealth LLC bought a new position in shares of Subaru in the second quarter worth about $111,000. Finally, Beddow Capital Management Inc. lifted its holdings in shares of Subaru by 136.0% in the second quarter. Beddow Capital Management Inc. now owns 31,435 shares of the company’s stock worth $279,000 after acquiring an additional 18,117 shares during the last quarter.

About Subaru

(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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