Marubeni (OTCMKTS:MARUY) Shares Cross Below 200 Day Moving Average – Here’s Why

Marubeni Corp. (OTCMKTS:MARUY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $313.07 and traded as low as $32.83. Marubeni shares last traded at $33.13, with a volume of 276,930 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut 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 company has an average rating of “Hold”.

Marubeni Trading Down 2.2%

The firm’s 50 day moving average price is $225.86 and its 200-day moving average price is $311.25. 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 stock has a market cap of $52.40 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.80 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $14.83 billion. Marubeni had a return on equity of 13.11% and a net margin of 6.60%. As a group, equities research analysts forecast that Marubeni Corp. will post 2.38 earnings per share 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.