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

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $346.98, but opened at $331.20. Marubeni shares last traded at $332.0850, with a volume of 495 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MARUY. Zacks Research upgraded shares of Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group lowered shares of Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Marubeni Price Performance

The business’s 50 day moving average is $362.92 and its two-hundred day moving average is $327.17. The firm has a market cap of $54.51 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.80 and a beta of 0.58. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Marubeni (OTCMKTS:MARUY) last announced its earnings results 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). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $14.83 billion. As a group, analysts anticipate that Marubeni Corp. will post 24.62 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.