Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY) gapped up prior to trading on Friday . The stock had previously closed at $278.55, but opened at $287.60. Marubeni shares last traded at $277.40, with a volume of 275 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded 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, the stock presently has a consensus rating of “Hold”.

Marubeni Stock Down 0.7%

The company has a market capitalization of $45.92 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.96 and a beta of 0.62. 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 firm has a 50 day moving average price of $260.83 and a two-hundred day moving average price of $234.95.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $12.30 billion. As a group, sell-side analysts expect that Marubeni Corp. will post 19.54 earnings per share for the current 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.