Marubeni (OTCMKTS:MARUY) Hits New 52-Week High – Still a Buy?

Shares of Marubeni Corp. (OTCMKTS:MARUY) hit a new 52-week high during trading on Thursday . The company traded as high as $338.85 and last traded at $332.41, with a volume of 4534 shares traded. The stock had previously closed at $331.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Marubeni from a “hold” rating to a “strong sell” rating in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Marubeni currently has an average rating of “Hold”.

Marubeni Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $54.53 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.60. The stock’s 50-day simple moving average is $290.67 and its 200 day simple moving average is $254.02.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. Analysts expect that Marubeni Corp. will post 19.54 earnings per share for the current fiscal year.

About Marubeni

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.