Marubeni (OTCMKTS:MARUY) Reaches New 12-Month High – Should You Buy?

Marubeni Corp. (OTCMKTS:MARUY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $395.24 and last traded at $390.00, with a volume of 13143 shares trading hands. The stock had previously closed at $371.6025.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MARUY shares. Zacks Research lowered Marubeni from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group started coverage on shares of Marubeni in a research report on Tuesday, January 6th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Marubeni Trading Up 5.0%

The business’s 50-day simple moving average is $302.21 and its two-hundred day simple moving average is $261.20. 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 market capitalization of $64.21 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.87 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last announced its earnings results on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). Marubeni had a net margin of 6.21% and a return on equity of 13.19%. The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $12.83 billion. Equities analysts forecast 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.