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

Marubeni Corp. (OTCMKTS:MARUY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $31.18, but opened at $30.09. Marubeni shares last traded at $31.40, with a volume of 6,556 shares trading hands.

Marubeni Trading Up 0.6%

The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $31.21 and its 200 day moving average is $176.28. The company has a market cap of $52.09 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Monday, August 3rd. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.08%. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $13.80 billion. Research analysts predict that Marubeni Corp. will post 2.44 EPS for the current year.

Marubeni Company Profile

Marubeni Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across a broad range of industries. Its activities include the import, export, distribution, investment and financing of products and services in areas such as food, agricultural products, forest products, chemicals, metals and mineral resources, energy, infrastructure, transportation and information technology.

The company is also involved in power generation and energy infrastructure, including renewable energy projects, as well as finance and leasing, real estate, construction, aerospace and mobility-related businesses.