Marubeni (OTCMKTS:MARUY) Shares Cross Above 50 Day Moving Average - What's Next?

Key Points

• Marubeni Corp.'s stock price recently crossed above its fifty-day moving average of $236.32, reaching a peak of $246.00 during trading.
• Zacks Research downgraded the stock from a "strong-buy" to a "hold" rating, with the current consensus rating also being "Hold."
• In its latest earnings report, Marubeni surpassed analysts' earnings expectations by reporting $6.47 per share, though revenue fell short of estimates at $14.38 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $236.32 and traded as high as $246.00. Marubeni shares last traded at $243.31, with a volume of 14,000 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Marubeni from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Marubeni Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The business's 50 day simple moving average is $236.32 and its two-hundred day simple moving average is $204.59. The stock has a market capitalization of $40.41 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.73 and a beta of 0.68.

Marubeni (OTCMKTS:MARUY - Get Free Report) last posted its earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share 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 for the quarter, compared to analyst estimates of $14.64 billion. As a group, sell-side analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current fiscal 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.

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