Marubeni (OTCMKTS:MARUY) Shares Gap Up – Here’s Why

Marubeni Corp. (OTCMKTS:MARUY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $275.75, but opened at $288.28. Marubeni shares last traded at $278.26, with a volume of 198 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Marubeni from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Marubeni Price Performance

The company has a 50 day moving average of $264.69 and a 200 day moving average of $238.44. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49. The firm has a market cap of $46.05 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.96 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $1.84. Marubeni had a return on equity of 14.83% and a net margin of 7.04%.The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Equities research analysts predict that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.