Marubeni (OTCMKTS:MARUY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Marubeni Corp. (OTCMKTS:MARUY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $331.58 and traded as low as $304.43. Marubeni shares last traded at $306.12, with a volume of 21,925 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MARUY shares. Zacks Research raised Marubeni from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Marubeni Price Performance

The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a 50 day moving average price of $357.28 and a 200-day moving average price of $331.58.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 EPS for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $14.83 billion. On average, analysts forecast that Marubeni Corp. will post 23.86 earnings per share 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.