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

Key Points

• Marubeni Corporation recently achieved a new 52-week high, with the stock price reaching $238.35 before closing at $232.83.
• The company's EPS of $6.47 for the last quarter exceeded analyst expectations, although revenue slightly fell short of forecasts.
• Zacks Research upgraded Marubeni to a "strong-buy" rating, reflecting growing confidence among analysts regarding the company's performance.

Shares of Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $238.35 and last traded at $232.83, with a volume of 9750 shares trading hands. The stock had previously closed at $227.42.

Wall Street Analysts Forecast Growth

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

Marubeni Price Performance

The company has a 50 day moving average price of $213.28 and a 200 day moving average price of $188.93. The company has a market capitalization of $38.96 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.65 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 EPS for the quarter, beating the consensus estimate of $6.26 by $0.21. Marubeni had a return on equity of 13.84% and a net margin of 6.52%.The company had revenue of $14.38 billion during the quarter, compared to analysts' expectations of $14.64 billion. As a group, equities research analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current year.

Marubeni Company Profile

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.