Subaru (OTCMKTS:FUJHY) Sets New 1-Year Low – Time to Sell?

Shares of Subaru Corporation (OTCMKTS:FUJHY) reached a new 52-week low on Tuesday . The company traded as low as $7.21 and last traded at $7.24, with a volume of 16517 shares changing hands. The stock had previously closed at $7.37.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Subaru from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. One equities research 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, Subaru has an average rating of “Hold”.

Subaru Stock Down 2.4%

The stock’s fifty day moving average price is $8.01 and its 200 day moving average price is $9.78. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.13. The stock has a market cap of $10.32 billion, a P/E ratio of 14.39 and a beta of 0.36.

Subaru (OTCMKTS:FUJHY) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.34). Subaru had a return on equity of 3.87% and a net margin of 2.27%.The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.22 billion. As a group, research analysts forecast that Subaru Corporation will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Subaru

Hedge funds and other institutional investors have recently modified their holdings of the company. Great Lakes Advisors LLC raised its holdings in shares of Subaru by 11.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock valued at $3,601,000 after buying an additional 37,021 shares in the last quarter. Beddow Capital Management Inc. lifted its position in Subaru by 2.8% in the 3rd quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock worth $6,019,000 after buying an additional 16,372 shares during the last quarter. GAMMA Investing LLC boosted its stake in Subaru by 14.0% in the fourth quarter. GAMMA Investing LLC now owns 18,891 shares of the company’s stock worth $203,000 after buying an additional 2,326 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its position in Subaru by 10.8% during the first quarter. CHICAGO TRUST Co NA now owns 69,466 shares of the company’s stock valued at $542,000 after acquiring an additional 6,761 shares during the last quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About Subaru

Subaru Corporation, traded over the counter as OTCMKTS:FUJHY, is a Japanese multinational automaker known for its distinctive use of the horizontally opposed “boxer” engine and standard symmetrical all-wheel-drive system across most of its vehicle lineup. Founded in 1953 as Fuji Heavy Industries, the company rebranded to Subaru Corporation in 2017 to align its corporate identity with its well‐established automotive brand. Subaru’s product portfolio includes compact and midsize sedans, sport wagons, crossovers and SUVs, with flagship models such as the Impreza, Legacy, Outback, Forester and Crosstrek (also marketed as the XV in some regions), as well as the performance-oriented BRZ sports coupe developed in partnership with Toyota.

In addition to passenger vehicles, Subaru Corporation is involved in the manufacturing of automotive components, aerospace products and industrial machinery, leveraging advanced materials and precision engineering capabilities inherited from its Fuji Heavy Industries heritage.