Subaru (OTCMKTS:FUJHY) Shares Gap Down – What’s Next?

Shares of Subaru Corporation (OTCMKTS:FUJHY) gapped down prior to trading on Wednesday. The stock had previously closed at $8.79, but opened at $8.27. Subaru shares last traded at $8.5050, with a volume of 8,945 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Subaru from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Subaru Trading Down 3.1%

The company’s fifty day moving average price is $8.30 and its two-hundred day moving average price is $8.29. The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 0.12. The firm has a market cap of $12.18 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35.

Subaru (OTCMKTS:FUJHY) last announced its earnings results on Tuesday, November 10th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Subaru had a net margin of 1.77% and a return on equity of 3.04%. The business had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Subaru has set its FY 2027 guidance at 0.564-0.564 EPS. As a group, sell-side analysts predict that Subaru Corporation will post 0.66 EPS for the current fiscal year.

Institutional Trading of Subaru

A hedge fund recently raised its stake in Subaru stock. GAMMA Investing LLC grew its position in Subaru Corporation (OTCMKTS:FUJHY) by 69.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,221 shares of the company’s stock after acquiring an additional 2,947 shares during the period. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for designing, producing and selling Subaru-branded automobiles. Its vehicle lineup includes passenger cars and sport utility vehicles, with features such as the company’s horizontally opposed “boxer” engines and Symmetrical All-Wheel Drive available across many models. The company also conducts an aerospace business, producing and supporting aircraft, helicopter components and other aerospace equipment. Its automotive and aerospace products serve customers in Japan and international markets, including North America, Europe and other regions.