Marubeni (OTCMKTS:MARUY) Shares Gap Down - Time to Sell?

Key Points

• Marubeni Corp. shares gapped down from a previous close of $250.00 to $242.24 at market open, last trading at $250.36 with 96 shares changing hands.
• Zacks Research upgraded Marubeni from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" based on available analyst ratings.
• In its latest earnings report, Marubeni reported $6.47 earnings per share, surpassing expectations, although revenue of $14.38 billion fell short compared to analyst estimates of $14.64 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $250.00, but opened at $242.24. Marubeni shares last traded at $250.36, with a volume of 96 shares changing hands.

Analyst Ratings Changes

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

Marubeni Trading Down 0.6%

The firm has a market cap of $41.25 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.74 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. The company has a 50-day simple moving average of $227.56 and a 200 day simple moving average of $199.04.

Marubeni (OTCMKTS:MARUY - Get Free Report) last announced its earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.26 by $0.21. Marubeni had a return on equity of 13.84% and a net margin of 6.52%.The firm 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.

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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