Marubeni (OTCMKTS:MARUY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $331.58 and traded as low as $304.43. Marubeni shares last traded at $306.12, with a volume of 21,925 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on MARUY. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group downgraded shares of Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Marubeni currently has an average rating of “Hold”.

Marubeni Trading Down 2.0%

The firm has a market cap of $50.40 billion, a PE ratio of 13.90, a P/E/G ratio of 1.69 and a beta of 0.50. The company’s fifty day moving average price is $357.28 and its two-hundred day moving average price is $331.58. 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 issued its earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share 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 analysts’ expectations of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. As a group, sell-side analysts forecast that Marubeni Corp. will post 23.86 earnings per share for the current fiscal 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.