Marubeni (OTCMKTS:MARUY) Sets New 52-Week High – Here’s Why

Marubeni Corp. (OTCMKTS:MARUY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $269.98 and last traded at $263.20, with a volume of 60 shares changing hands. The stock had previously closed at $252.72.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Marubeni from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Marubeni Trading Up 1.1%

The business has a 50-day moving average of $249.94 and a 200-day moving average of $224.47. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The stock has a market cap of $43.82 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.86 and a beta of 0.65.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a return on equity of 15.11% and a net margin of 7.04%. As a group, research analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current year.

About Marubeni

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.