Marubeni (OTCMKTS:MARUY) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Marubeni Corp.'s stock price has recently crossed above its 50-day moving average of $239.13, reaching a high of $244.93 during trading.
• Analysts from Zacks Research have downgraded Marubeni from a "strong-buy" to a "hold" rating, with a current consensus rating of "Hold" among research analysts.
• The company's latest quarterly earnings report showed an EPS of $6.47, exceeding expectations, but revenue fell short of consensus estimates at $14.38 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $239.13 and traded as high as $244.93. Marubeni shares last traded at $244.52, with a volume of 15,144 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Marubeni from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. One equities 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 Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.44. The company has a market capitalization of $40.61 billion, a PE ratio of 11.75, a P/E/G ratio of 1.71 and a beta of 0.68. The company's 50-day simple moving average is $239.13 and its 200-day simple moving average is $207.87.

Marubeni (OTCMKTS:MARUY - Get Free Report) last issued its quarterly earnings data 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. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. The company had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $14.64 billion. As a group, sell-side analysts anticipate 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.

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