Marubeni (OTCMKTS:MARUY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Marubeni Corp. (OTCMKTS:MARUY) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $231.21 and traded as high as $267.23. Marubeni shares last traded at $260.06, with a volume of 7,688 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut Marubeni from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Marubeni Stock Performance

The firm has a market cap of $43.19 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.81 and a beta of 0.68. The stock’s fifty day moving average is $231.21 and its two-hundred day moving average is $201.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.44.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, topping the consensus estimate of $6.26 by $0.21. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. The firm had revenue of $14.38 billion during the quarter, compared to analysts’ expectations of $14.64 billion. On average, analysts expect that Marubeni Corp. will post 19.54 earnings per share for the current fiscal year.

About Marubeni

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.