Marubeni (OTCMKTS:MARUY) Shares Gap Down – Here’s What Happened

Shares of Marubeni Corp. (OTCMKTS:MARUY) gapped down prior to trading on Wednesday . The stock had previously closed at $30.84, but opened at $29.16. Marubeni shares last traded at $30.45, with a volume of 1,898 shares.

Wall Street Analyst Weigh In

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

Marubeni Stock Down 2.1%

The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 1.37, a PEG ratio of 1.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.37. The business’s 50-day moving average is $325.80 and its 200-day moving average is $337.50.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing the consensus estimate of $4.58 by ($0.25). The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $14.83 billion. Marubeni had a return on equity of 13.11% and a net margin of 6.60%. On average, equities analysts predict that Marubeni Corp. will post 23.86 EPS for the current 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.