Marubeni (OTCMKTS:MARUY) Sets 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.

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

Wall Street Analyst Weigh In

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

Marubeni Stock Down 0.4%

The business's 50 day simple moving average is $216.18 and its 200 day simple moving average is $191.09. The firm has a market capitalization of $39.53 billion, a PE ratio of 11.44, a PEG ratio of 1.67 and a beta of 0.69. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Marubeni (OTCMKTS:MARUY - Get Free Report) last released its earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.26 by $0.21. The firm had revenue of $14.38 billion during the quarter, compared to analyst estimates of $14.64 billion. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. On average, equities research analysts forecast that Marubeni Corp. will post 19.54 earnings per share 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.