Marubeni (OTCMKTS:MARUY) Shares Gap Down – Here’s Why

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $381.41, but opened at $354.62. Marubeni shares last traded at $370.85, with a volume of 684 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on MARUY shares. The Goldman Sachs Group started coverage on Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating on the stock. Zacks Research upgraded Marubeni from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Marubeni Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42. The business’s 50 day moving average price is $359.85 and its 200 day moving average price is $299.09. The firm has a market cap of $61.93 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.65 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). Marubeni had a return on equity of 12.96% and a net margin of 6.21%.The firm had revenue of $12.64 billion during the quarter, compared to analyst estimates of $12.83 billion. On average, equities analysts forecast that Marubeni Corp. will post 19.54 EPS 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.