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Marubeni (OTCMKTS:MARUY) Shares Gap Up - Here's What Happened

Marubeni logo with Multi-Sector Conglomerates background

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $194.78, but opened at $205.19. Marubeni shares last traded at $196.75, with a volume of 83 shares traded.

Marubeni Stock Performance

The firm has a 50 day simple moving average of $190.59 and a 200-day simple moving average of $165.97. The company has a market cap of $32.94 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 3.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.01.

Marubeni (OTCMKTS:MARUY - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The conglomerate reported $3.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.43 by ($0.35). Marubeni had a return on equity of 13.37% and a net margin of 6.45%. The business had revenue of $14.24 billion for the quarter. As a group, analysts predict that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

About Marubeni

(Get Free Report)

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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