Marubeni (OTCMKTS:MARUY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Marubeni Corp. (OTCMKTS:MARUY)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $267.92 and traded as low as $30.43. Marubeni shares last traded at $30.55, with a volume of 170,554 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Marubeni Price Performance

The firm has a market cap of $50.79 billion, a P/E ratio of 13.44, a PEG ratio of 1.66 and a beta of 0.52. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $100.48 and a 200-day simple moving average of $265.52.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. Marubeni had a return on equity of 13.16% and a net margin of 6.62%.The firm had revenue of $16.66 billion during the quarter, compared to analyst estimates of $13.80 billion. As a group, analysts forecast that Marubeni Corp. will post 2.38 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.