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

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $390.46, but opened at $371.02. Marubeni shares last traded at $383.17, with a volume of 1,179 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on MARUY. Zacks Research raised Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group began coverage on Marubeni in a report on Tuesday, January 6th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Marubeni Stock Performance

The firm has a fifty day simple moving average of $364.92 and a 200 day simple moving average of $303.77. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market cap of $62.24 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.70 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings results on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing the consensus estimate of $5.39 by ($0.38). The firm had revenue of $12.64 billion during the quarter, compared to analyst estimates of $12.83 billion. Marubeni had a net margin of 6.21% and a return on equity of 12.96%. As a group, sell-side analysts expect that Marubeni Corp. will post 19.54 earnings per share 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.