Marubeni (OTCMKTS:MARUY) Reaches New 52-Week High - Here's Why

Key Points

• Marubeni Corp. reached a new 52-week high of $242.86, reflecting a notable increase from its previous closing price of $234.61.
• Analysts have upgraded Marubeni to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among market experts.
• The company's last earnings report showed $6.47 earnings per share, surpassing expectations, with a revenue of $14.38 billion for the quarter.

Shares of Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $242.86 and last traded at $242.86, with a volume of 7720 shares trading hands. The stock had previously closed at $234.61.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Marubeni from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

Marubeni Stock Down 0.4%

The business's 50 day moving average is $216.81 and its 200-day moving average is $192.07. 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 cap of $39.53 billion, a PE ratio of 11.44, a P/E/G ratio of 1.62 and a beta of 0.69.

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