Subaru (OTCMKTS:FUJHY) Shares Gap Down – Should You Sell?

Subaru Corporation (OTCMKTS:FUJHY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $8.27, but opened at $8.01. Subaru shares last traded at $8.2980, with a volume of 3,698 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Subaru from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Subaru Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.29 and a quick ratio of 1.75. The company’s fifty day moving average price is $8.20 and its 200 day moving average price is $7.93. The company has a market cap of $11.89 billion, a PE ratio of 20.73, a P/E/G ratio of 0.37 and a beta of 0.38.

Subaru (OTCMKTS:FUJHY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.05). Subaru had a return on equity of 3.04% and a net margin of 1.77%. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Subaru has set its FY 2027 guidance at 0.572-0.572 EPS. On average, equities research analysts predict that Subaru Corporation will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Subaru

A hedge fund recently raised its position in Subaru stock. GAMMA Investing LLC grew its position in shares of Subaru Corporation (OTCMKTS:FUJHY) by 69.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,221 shares of the company’s stock after buying an additional 2,947 shares during the quarter. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.01% of the company’s stock.

Subaru Company Profile

Subaru Corporation is a Japanese manufacturer best known for its Subaru automobile brand. The company develops, produces and sells passenger cars and sport utility vehicles, with a product lineup that includes models such as the Impreza, Legacy, Outback, Forester, Crosstrek and Solterra. Subaru vehicles are widely associated with symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and driver-assistance technologies.

In addition to automobiles, Subaru operates an aerospace business that develops and manufactures aircraft, aerospace components and related systems.