Marubeni (OTCMKTS:MARUY) Shares Gap Up – Here’s Why

Shares of Marubeni Corp. (OTCMKTS:MARUY) gapped up prior to trading on Friday . The stock had previously closed at $275.75, but opened at $288.28. Marubeni shares last traded at $278.26, with a volume of 198 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Marubeni from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Marubeni Stock Up 1.7%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.42. The firm has a market capitalization of $46.56 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.94 and a beta of 0.60. The firm has a fifty day moving average price of $264.09 and a 200 day moving average price of $237.66.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $1.84. Marubeni had a return on equity of 14.83% and a net margin of 7.04%.The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $12.30 billion. As a group, sell-side analysts expect that Marubeni Corp. will post 19.54 EPS 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.