Marubeni (OTCMKTS:MARUY) Shares Gap Down – What’s Next?

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $30.84, but opened at $29.16. Marubeni shares last traded at $30.45, with a volume of 1,898 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Marubeni Stock Down 0.2%

The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $312.07 and its 200 day moving average price is $334.04. The company has a market capitalization of $50.36 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.69 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a net margin of 6.60% and a return on equity of 13.11%. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $14.83 billion. As a group, equities research analysts predict that Marubeni Corp. will post 2.39 earnings per share 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.