Marubeni (OTCMKTS:MARUY) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Marubeni Corp. (OTCMKTS:MARUY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $269.23 and traded as high as $300.00. Marubeni shares last traded at $299.56, with a volume of 16,910 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research cut Marubeni from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group started coverage on shares of Marubeni in a report on Tuesday. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Marubeni Trading Up 0.8%

The stock has a 50-day moving average of $269.23 and a 200 day moving average of $241.41. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $49.75 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. As a group, sell-side 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.