Marubeni (OTCMKTS:MARUY) Reaches New 1-Year High – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $350.00 and last traded at $338.2050, with a volume of 73792 shares trading hands. The stock had previously closed at $326.45.

Analyst Ratings Changes

Several analysts recently weighed in on MARUY shares. The Goldman Sachs Group assumed coverage on Marubeni in a report on Tuesday, January 6th. They set a “buy” rating on the stock. Zacks Research cut shares of Marubeni from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Marubeni Price Performance

The stock has a 50 day moving average of $293.97 and a 200-day moving average of $256.71. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $55.68 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last released its earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $12.30 billion. Marubeni had a return on equity of 14.83% and a net margin of 7.04%. On average, equities research analysts anticipate 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.