Marubeni (OTCMKTS:MARUY) Sees Large Volume Increase – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY) shares saw strong trading volume on Friday . 12,868 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 12,645 shares.The stock last traded at $333.9808 and had previously closed at $336.56.

Wall Street Analysts Forecast Growth

MARUY has been the topic of several recent analyst reports. Zacks Research cut Marubeni from a “hold” rating to a “strong sell” rating in a report on Tuesday. The Goldman Sachs Group began coverage on shares of Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Marubeni Stock Down 1.4%

The firm has a market capitalization of $54.65 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 0.60. The company’s fifty day simple moving average is $288.99 and its 200 day simple moving average is $253.13. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Tuesday, November 4th. The conglomerate reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. Analysts anticipate that Marubeni Corp. will post 19.54 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.