Marubeni (OTCMKTS:MARUY) Reaches New 1-Year High – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $350.00 and last traded at $338.2050, with a volume of 73792 shares traded. The stock had previously closed at $326.45.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MARUY. The Goldman Sachs Group assumed coverage on Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating on the stock. Zacks Research cut Marubeni from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Marubeni Trading Up 7.1%

The company has a 50 day moving average of $297.47 and a 200 day moving average of $257.98. The firm has a market cap of $61.18 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.60. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49.

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). The company had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $12.83 billion. Marubeni had a net margin of 6.21% and a return on equity of 13.19%. As a group, research analysts anticipate that Marubeni Corp. will post 19.54 EPS 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.