Marubeni (OTCMKTS:MARUY) Shares Gap Up – Here’s What Happened

Marubeni Corp. (OTCMKTS:MARUY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $31.3760, but opened at $32.61. Marubeni shares last traded at $31.76, with a volume of 106,402 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Marubeni from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Marubeni Stock Up 0.7%

The firm has a 50-day simple moving average of $31.32 and a 200 day simple moving average of $208.07. The stock has a market capitalization of $52.48 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.01.

About Marubeni

Marubeni is a Japanese general trading and investment company with business activities spanning multiple industries. Its operations include trading, developing projects, and investing in businesses across global markets. The company’s portfolio includes food and agricultural products, metals and mineral resources, energy and chemicals, power and infrastructure, transportation equipment, and forest products. It also provides services in areas such as finance, logistics, leasing, real estate, and information technology.