Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY) gapped up prior to trading on Friday . The stock had previously closed at $281.28, but opened at $290.64. Marubeni shares last traded at $288.46, with a volume of 4,050 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Marubeni has a consensus rating of “Hold”.

Marubeni Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.99. The business has a 50-day simple moving average of $337.55 and a 200-day simple moving average of $336.66. The firm has a market capitalization of $48.40 billion, a PE ratio of 13.34, a P/E/G ratio of 1.59 and a beta of 0.50.

Marubeni (OTCMKTS:MARUY) last announced its earnings results on Friday, May 1st. The conglomerate reported $4.33 EPS for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $14.83 billion. Equities research analysts expect that Marubeni Corp. will post 23.86 earnings per share for the current fiscal 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.