Fuji Heavy Industries Ltd. (FUJHY) Cut to Strong Sell at Zacks Investment Research
Zacks Investment Research cut shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a hold rating to a strong sell rating in a research report report published on Tuesday morning.
According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “
Separately, ValuEngine lowered Fuji Heavy Industries from a buy rating to a hold rating in a research note on Friday, September 8th.
Fuji Heavy Industries (FUJHY) opened at $16.26 on Tuesday. The company has a market capitalization of $25,075.14, a price-to-earnings ratio of 9.48, a P/E/G ratio of 3.61 and a beta of 0.42. Fuji Heavy Industries has a 12 month low of $16.26 and a 12 month high of $21.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.80 and a quick ratio of 1.50.
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A hedge fund recently raised its stake in Fuji Heavy Industries stock. Eqis Capital Management Inc. grew its position in shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,914 shares of the company’s stock after acquiring an additional 5,257 shares during the quarter. Eqis Capital Management Inc.’s holdings in Fuji Heavy Industries were worth $487,000 at the end of the most recent quarter. 0.11% of the stock is currently owned by hedge funds and other institutional investors.
About Fuji Heavy Industries
SUBARU CORPORATION, formerly Fuji Heavy Industries Ltd., is a manufacturer of Subaru automobiles. The Company’s segments include Automobiles, Aerospace, Industrial products and Other. The Automobile segment manufactures and sells vehicles and related products. The Aerospace segment manufactures aircrafts, parts of space-related devices.
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