Subaru (OTCMKTS:FUJHY) Shares Gap Down – Here’s What Happened

Subaru Corporation (OTCMKTS:FUJHY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $11.11, but opened at $10.56. Subaru shares last traded at $11.05, with a volume of 6,270 shares traded.

Subaru Stock Up 0.4%

The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 9.10 and a beta of 0.34. The business has a 50 day moving average of $10.81 and a 200 day moving average of $9.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.49 and a quick ratio of 1.99.

Subaru (OTCMKTS:FUJHY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.53 billion. Subaru had a net margin of 5.49% and a return on equity of 9.62%. On average, equities analysts anticipate that Subaru Corporation will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Beddow Capital Management Inc. boosted its holdings in Subaru by 2.8% during the third quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock valued at $6,019,000 after purchasing an additional 16,372 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Subaru by 11.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock worth $3,601,000 after buying an additional 37,021 shares during the period. CHICAGO TRUST Co NA grew its position in Subaru by 27.5% in the third quarter. CHICAGO TRUST Co NA now owns 64,666 shares of the company’s stock valued at $663,000 after acquiring an additional 13,929 shares during the period. Finally, GAMMA Investing LLC raised its stake in Subaru by 8.4% during the third quarter. GAMMA Investing LLC now owns 16,565 shares of the company’s stock worth $167,000 after acquiring an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Subaru

Subaru Corporation, traded over the counter as OTCMKTS:FUJHY, is a Japanese multinational automaker known for its distinctive use of the horizontally opposed “boxer” engine and standard symmetrical all-wheel-drive system across most of its vehicle lineup. Founded in 1953 as Fuji Heavy Industries, the company rebranded to Subaru Corporation in 2017 to align its corporate identity with its well‐established automotive brand. Subaru’s product portfolio includes compact and midsize sedans, sport wagons, crossovers and SUVs, with flagship models such as the Impreza, Legacy, Outback, Forester and Crosstrek (also marketed as the XV in some regions), as well as the performance-oriented BRZ sports coupe developed in partnership with Toyota.

In addition to passenger vehicles, Subaru Corporation is involved in the manufacturing of automotive components, aerospace products and industrial machinery, leveraging advanced materials and precision engineering capabilities inherited from its Fuji Heavy Industries heritage.