Marubeni (OTCMKTS:MARUY) Shares Gap Down – Should You Sell?

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $381.41, but opened at $354.62. Marubeni shares last traded at $370.85, with a volume of 684 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MARUY shares. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating for the company. Zacks Research raised Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Marubeni Stock Down 1.9%

The firm’s 50-day moving average price is $357.77 and its 200-day moving average price is $297.60. 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 company has a market cap of $61.61 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share for the quarter, missing the consensus estimate of $5.39 by ($0.38). Marubeni had a net margin of 6.21% and a return on equity of 12.96%. The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $12.83 billion. Sell-side analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current fiscal 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.