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

Key Points

• Shares of Marubeni Corp. reached a new 52-week high of $250.00 during trading, last pricing at $248.82 with a trading volume of 1614 shares.
• Zacks Research upgraded Marubeni's rating from "hold" to "strong-buy", contributing to the stock's positive outlook.
• In its latest quarterly earnings report, Marubeni exceeded EPS estimates by reporting $6.47, though its quarterly revenue of $14.38 billion fell short of expectations.

Shares of Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $250.00 and last traded at $248.82, with a volume of 1614 shares. The stock had previously closed at $248.98.

Analyst Ratings Changes

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

Marubeni Price Performance

The firm has a fifty day simple moving average of $225.61 and a 200 day simple moving average of $198.10. The company has a market capitalization of $41.21 billion, a PE ratio of 11.92, a P/E/G ratio of 1.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.44.

Marubeni (OTCMKTS:MARUY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, topping the consensus estimate 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 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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