Marubeni (OTCMKTS:MARUY) Shares Gap Up – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY) gapped up before the market opened on Thursday . The stock had previously closed at $350.46, but opened at $364.8299. Marubeni shares last traded at $344.05, with a volume of 26,037 shares traded.

Wall Street Analyst Weigh In

MARUY has been the subject of a number of recent analyst reports. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group initiated coverage on Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marubeni has a consensus rating of “Moderate Buy”.

Marubeni Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 1.02. The stock has a market capitalization of $56.26 billion, a P/E ratio of 16.45, a PEG ratio of 1.75 and a beta of 0.57. The stock’s fifty day moving average is $337.61 and its 200-day moving average is $281.03.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings results 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). The company had revenue of $12.64 billion during the quarter, compared to analyst estimates of $12.83 billion. Marubeni had a return on equity of 12.96% and a net margin of 6.21%. On average, equities analysts anticipate that Marubeni Corp. will post 19.54 earnings per share for the current year.

Marubeni Company Profile

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.