Marubeni (OTCMKTS:MARUY) Hits New 1-Year High - Here's What Happened

Key Points

• Marubeni Corp.'s stock reached a new 52-week high of $267.23, closing at $260.19 with a trading volume of 378 shares.
• Zacks Research downgraded Marubeni's rating from "strong-buy" to "hold", resulting in a consensus rating of "Hold" among analysts.
• For the latest quarter, Marubeni reported an earnings per share (EPS) of $6.47, exceeding analysts' estimates, despite revenue falling short of expectations at $14.38 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $267.23 and last traded at $260.19, with a volume of 378 shares trading hands. The stock had previously closed at $256.43.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Marubeni from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Marubeni Stock Performance

The stock has a 50-day simple moving average of $230.11 and a 200 day simple moving average of $200.90. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.44 and a quick ratio of 1.06. The company has a market capitalization of $43.29 billion, a PE ratio of 12.53, a P/E/G ratio of 1.81 and a beta of 0.68.

Marubeni (OTCMKTS:MARUY - Get Free Report) last posted its earnings results on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, topping analysts' consensus estimates of $6.26 by $0.21. The company had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $14.64 billion. Marubeni had a return on equity of 13.84% and a net margin of 6.52%. Equities analysts anticipate that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.

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