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

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $346.05, but opened at $329.14. Marubeni shares last traded at $340.2150, with a volume of 1,486 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MARUY shares. Zacks Research upgraded Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group began coverage on shares of Marubeni in a research report on Tuesday, January 6th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Marubeni Trading Down 3.8%

The company has a 50 day moving average of $352.23 and a 200 day moving average of $291.03. The firm has a market cap of $54.78 billion, a P/E ratio of 16.01, a PEG ratio of 1.63 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). Marubeni had a return on equity of 12.96% and a net margin of 6.21%.The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $12.83 billion. Analysts predict that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

Marubeni Company Profile

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.