Marubeni (OTCMKTS:MARUY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Marubeni Corp. (OTCMKTS:MARUY) saw strong trading volume on Thursday . 90,560 shares were traded during trading, an increase of 358% from the previous session’s volume of 19,755 shares.The stock last traded at $344.1520 and had previously closed at $349.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MARUY shares. The Goldman Sachs Group started coverage on shares of Marubeni in a research report on Tuesday, January 6th. They set a “buy” rating for the company. Zacks Research downgraded Marubeni from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One 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, Marubeni presently has an average rating of “Hold”.

Marubeni Trading Down 1.1%

The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $295.75 and a 200-day moving average price of $257.36. The company has a market cap of $56.99 billion, a P/E ratio of 14.95, a PEG ratio of 1.70 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings results on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.39 by ($0.38). Marubeni had a return on equity of 14.83% and a net margin of 7.04%.The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $12.83 billion. Analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current fiscal 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.