Subaru (OTCMKTS:FUJHY) Shares Gap Down – Here’s What Happened

Subaru Corporation (OTCMKTS:FUJHY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.11, but opened at $10.40. Subaru shares last traded at $10.74, with a volume of 9,820 shares trading hands.

Subaru Stock Down 4.2%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 2.49. The stock has a market cap of $15.69 billion, a P/E ratio of 8.77 and a beta of 0.34. The stock’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $10.32.

Subaru (OTCMKTS:FUJHY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Subaru had a return on equity of 9.62% and a net margin of 5.49%.The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.53 billion. As a group, research analysts forecast that Subaru Corporation will post 1.44 earnings per share for the current fiscal year.

Institutional Trading of Subaru

A number of institutional investors have recently modified their holdings of FUJHY. GAMMA Investing LLC boosted its stake in Subaru by 12.7% during the second quarter. GAMMA Investing LLC now owns 15,286 shares of the company’s stock valued at $132,000 after buying an additional 1,728 shares during the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Subaru by 24.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company’s stock worth $442,000 after purchasing an additional 9,993 shares during the period. Great Lakes Advisors LLC boosted its stake in shares of Subaru by 11.6% during the third quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock valued at $3,601,000 after purchasing an additional 37,021 shares in the last quarter. Finally, Beddow Capital Management Inc. boosted its stake in shares of Subaru by 2.8% during the third quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock valued at $6,019,000 after purchasing an additional 16,372 shares in the last quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Subaru Company Profile

Subaru Corporation, traded over the counter as OTCMKTS:FUJHY, is a Japanese multinational automaker known for its distinctive use of the horizontally opposed “boxer” engine and standard symmetrical all-wheel-drive system across most of its vehicle lineup. Founded in 1953 as Fuji Heavy Industries, the company rebranded to Subaru Corporation in 2017 to align its corporate identity with its well‐established automotive brand. Subaru’s product portfolio includes compact and midsize sedans, sport wagons, crossovers and SUVs, with flagship models such as the Impreza, Legacy, Outback, Forester and Crosstrek (also marketed as the XV in some regions), as well as the performance-oriented BRZ sports coupe developed in partnership with Toyota.

In addition to passenger vehicles, Subaru Corporation is involved in the manufacturing of automotive components, aerospace products and industrial machinery, leveraging advanced materials and precision engineering capabilities inherited from its Fuji Heavy Industries heritage.