Marubeni (OTCMKTS:MARUY) Shares Gap Up – Should You Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $306.80, but opened at $319.9999. Marubeni shares last traded at $314.85, with a volume of 10,012 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MARUY shares. Zacks Research downgraded shares of Marubeni from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research note on Tuesday, January 6th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Marubeni Trading Up 2.4%

The company has a market capitalization of $52.20 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The business’s 50 day moving average price is $270.45 and its two-hundred day moving average price is $242.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.42.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.38 by $1.84. Marubeni had a return on equity of 14.83% and a net margin of 7.04%.The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $12.30 billion. Equities analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current fiscal 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.