Marubeni (OTCMKTS:MARUY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Marubeni Corp. (OTCMKTS:MARUY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $269.23 and traded as high as $300.00. Marubeni shares last traded at $299.56, with a volume of 16,910 shares traded.

Analysts Set New Price Targets

MARUY has been the subject of several recent research reports. Zacks Research downgraded Marubeni from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research report on Tuesday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Marubeni Price Performance

The firm has a market capitalization of $49.75 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.10 and a beta of 0.60. The stock’s fifty day simple moving average is $269.23 and its 200 day simple moving average is $241.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.04.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $1.84. The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. On average, equities research analysts predict that Marubeni Corp. will post 19.54 EPS for the current 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.