Subaru (OTCMKTS:FUJHY) Shares Gap Down – Here’s Why

Subaru Corporation (OTCMKTS:FUJHY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.46, but opened at $10.45. Subaru shares last traded at $10.65, with a volume of 5,590 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Subaru from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Subaru Trading Down 3.6%

The firm has a market capitalization of $15.12 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a 50-day simple moving average of $10.52 and a two-hundred day simple moving average of $9.70.

Subaru (OTCMKTS:FUJHY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.53 billion. Subaru had a return on equity of 11.48% and a net margin of 6.40%. As a group, research analysts expect that Subaru Corporation will post 1.44 EPS for the current year.

Institutional Investors Weigh In On Subaru

Large investors have recently modified their holdings of the business. Great Lakes Advisors LLC boosted its stake in shares of Subaru by 26.8% during the first quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company’s stock valued at $2,618,000 after purchasing an additional 62,043 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Subaru by 12.7% during the second quarter. GAMMA Investing LLC now owns 15,286 shares of the company’s stock worth $132,000 after buying an additional 1,728 shares during the period. CHICAGO TRUST Co NA boosted its position in Subaru by 24.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company’s stock valued at $442,000 after acquiring an additional 9,993 shares in the last quarter. Finally, Beddow Capital Management Inc. increased its holdings in shares of Subaru by 2.8% in the 3rd quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock valued at $6,019,000 after acquiring an additional 16,372 shares during the period. Institutional investors own 0.01% of the company’s stock.

About Subaru

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.