Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY) shares gapped up before the market opened on Friday . The stock had previously closed at $288.93, but opened at $300.99. Marubeni shares last traded at $292.07, with a volume of 1,186 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Marubeni from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Marubeni Stock Up 1.0%

The firm’s 50-day moving average price is $255.14 and its two-hundred day moving average price is $230.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.06 and a current ratio of 1.42. The firm has a market cap of $48.45 billion, a PE ratio of 12.60, a P/E/G ratio of 2.06 and a beta of 0.62.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $12.30 billion. Marubeni had a return on equity of 14.83% and a net margin of 7.04%. As a group, equities research analysts expect that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

Marubeni Company Profile

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.