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

Shares of Marubeni Corp. (OTCMKTS:MARUY) gapped down prior to trading on Thursday . The stock had previously closed at $390.46, but opened at $371.02. Marubeni shares last traded at $383.17, with a volume of 1,179 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MARUY shares. Zacks Research raised Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group started coverage on Marubeni in a report on Tuesday, January 6th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Marubeni Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 1.02. The business has a 50-day simple moving average of $362.97 and a 200 day simple moving average of $302.28. The firm has a market cap of $63.48 billion, a PE ratio of 18.55, a PEG ratio of 1.65 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings results on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). The company had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $12.83 billion. Marubeni had a return on equity of 12.96% and a net margin of 6.21%. Equities research analysts forecast that Marubeni Corp. will post 19.54 EPS for the current 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.