Subaru (OTCMKTS:FUJHY) Shares Gap Down – What’s Next?

Shares of Subaru Corporation (OTCMKTS:FUJHY) gapped down before the market opened on Wednesday. The stock had previously closed at $8.79, but opened at $8.27. Subaru shares last traded at $8.5050, with a volume of 8,945 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Subaru from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Subaru Stock Down 3.1%

The firm’s 50-day moving average is $8.30 and its two-hundred day moving average is $8.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.75 and a current ratio of 2.29. The stock has a market cap of $12.18 billion, a P/E ratio of 21.23, a PEG ratio of 0.39 and a beta of 0.35.

Subaru (OTCMKTS:FUJHY) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Subaru had a return on equity of 3.04% and a net margin of 1.77%. Subaru has set its FY 2027 guidance at 0.564-0.564 EPS. On average, equities research analysts anticipate that Subaru Corporation will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Subaru

An institutional investor recently raised its position in Subaru stock. GAMMA Investing LLC increased its holdings in shares of Subaru Corporation (OTCMKTS:FUJHY) by 69.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,221 shares of the company’s stock after buying an additional 2,947 shares during the period. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for designing, producing and selling Subaru-branded automobiles. Its vehicle lineup includes passenger cars and sport utility vehicles, with features such as the company’s horizontally opposed “boxer” engines and Symmetrical All-Wheel Drive available across many models. The company also conducts an aerospace business, producing and supporting aircraft, helicopter components and other aerospace equipment. Its automotive and aerospace products serve customers in Japan and international markets, including North America, Europe and other regions.