Marubeni (OTCMKTS:MARUY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Marubeni Corp. (OTCMKTS:MARUY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $313.07 and traded as low as $32.83. Marubeni shares last traded at $33.13, with a volume of 276,930 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Marubeni presently has an average rating of “Hold”.

Marubeni Trading Up 0.4%

The company has a market cap of $55.02 billion, a P/E ratio of 15.04, a PEG ratio of 1.79 and a beta of 0.52. The business has a fifty day moving average price of $232.21 and a 200-day moving average price of $313.07. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Friday, May 1st. The conglomerate reported $4.33 EPS for the quarter, missing the consensus estimate of $4.58 by ($0.25). The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. On average, analysts forecast that Marubeni Corp. will post 2.38 earnings per share for the current 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.