Subaru (OTCMKTS:FUJHY) Sees Unusually-High Trading Volume – Here’s Why

Subaru Corporation (OTCMKTS:FUJHY) shares saw an uptick in trading volume on Friday. 1,025,525 shares were traded during mid-day trading, an increase of 311% from the average daily volume of 249,519 shares. The stock last traded at $8.60 and had previously closed at $8.90.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Subaru from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Subaru has a consensus rating of “Reduce”.

Subaru Price Performance

The business’s 50 day moving average is $8.26 and its 200-day moving average is $8.32. The firm has a market capitalization of $12.38 billion, a P/E ratio of 21.58, a PEG ratio of 0.38 and a beta of 0.35. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 0.12.

Subaru (OTCMKTS:FUJHY) last released its earnings results on Wednesday, August 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.05). The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. Subaru had a return on equity of 3.04% and a net margin of 1.77%. As a group, sell-side analysts predict that Subaru Corporation will post 0.66 EPS for the current fiscal year.

Institutional Trading of Subaru

A hedge fund recently raised its position in Subaru stock. GAMMA Investing LLC raised its holdings in Subaru Corporation (OTCMKTS:FUJHY) by 69.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,221 shares of the company’s stock after acquiring an additional 2,947 shares during the period. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for its Subaru automobile brand. The company develops, produces and sells passenger cars and sport utility vehicles, with a product lineup that includes models such as the Impreza, Legacy, Outback, Forester, Crosstrek and Solterra. Subaru vehicles are widely associated with symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and driver-assistance technologies.

In addition to automobiles, Subaru operates an aerospace business that develops and manufactures aircraft, aerospace components and related systems.