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

Marubeni Corp. (OTCMKTS:MARUY)’s stock 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 trading hands.

Analyst Ratings Changes

A number of research firms recently commented on MARUY. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group began coverage on Marubeni in a report on Tuesday, January 6th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Marubeni presently has a consensus rating of “Moderate Buy”.

Marubeni Stock Down 2.4%

The business’s fifty day moving average price is $351.56 and its 200 day moving average price is $289.90. The firm has a market capitalization of $55.62 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.74 and a beta of 0.57. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings results on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $12.83 billion. Marubeni had a return on equity of 12.96% and a net margin of 6.21%. On average, equities analysts expect 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.