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

Key Points

• Marubeni Corp. shares experienced a **gap up** in price, opening at **$238.35** after closing at **$227.42**, and last trading at **$231.76** with a volume of 346 shares.
• Zacks Research upgraded Marubeni's rating from **"hold"** to **"strong-buy"**, contributing to an overall average rating of **"Strong Buy"** from analysts.
• In its most recent quarterly earnings report, Marubeni reported **$6.47 EPS**, surpassing estimates, with **revenue** of **$14.38 billion**, slightly below analyst predictions.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $227.42, but opened at $238.35. Marubeni shares last traded at $231.76, with a volume of 346 shares trading hands.

Analyst Upgrades and Downgrades

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

Marubeni Trading Up 0.8%

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 market cap of $38.96 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.69. The firm has a 50-day moving average price of $213.28 and a 200 day moving average price of $188.66.

Marubeni (OTCMKTS:MARUY - Get Free Report) last released its earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share for the quarter, beating 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 firm had revenue of $14.38 billion during the quarter, compared to analyst estimates of $14.64 billion. As a group, sell-side analysts forecast that Marubeni Corp. will post 19.54 EPS 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.