Marubeni (OTCMKTS:MARUY) Shares Gap Down – What’s Next?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $381.41, but opened at $354.62. Marubeni shares last traded at $370.85, with a volume of 684 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group started coverage on Marubeni in a report on Tuesday, January 6th. They issued a “buy” rating for the company. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Marubeni has a consensus rating of “Moderate Buy”.

Marubeni Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42. The company has a 50 day moving average price of $357.77 and a 200 day moving average price of $297.60. The company has a market capitalization of $61.61 billion, a PE ratio of 18.01, a PEG ratio of 1.72 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). The company had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $12.83 billion. Marubeni had a net margin of 6.21% and a return on equity of 12.96%. Equities analysts forecast that Marubeni Corp. will post 19.54 EPS for the current year.

About Marubeni

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.