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

Marubeni logo with Multi-Sector Conglomerates background

Key Points

  • Marubeni Corp. shares have surpassed their 50-day moving average of $203.18, recently trading at $220.99 with a volume of 7,349 shares.
  • For the last quarter, Marubeni reported earnings per share of $6.47, exceeding expectations of $6.26, but revenue fell short of estimates at $14.38 billion.
  • The company has a current market capitalization of $36.70 billion and a PE ratio of 10.62.
  • Want stock alerts on Marubeni? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $203.18 and traded as high as $224.99. Marubeni shares last traded at $220.99, with a volume of 7,349 shares.

Marubeni Price Performance

The company has a market cap of $36.59 billion, a P/E ratio of 10.59, a PEG ratio of 1.56 and a beta of 0.80. The company has a fifty day moving average price of $204.49 and a two-hundred day moving average price of $180.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.44.

Marubeni (OTCMKTS:MARUY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $14.38 billion during the quarter, compared to analysts' expectations of $14.64 billion. Marubeni had a return on equity of 13.84% and a net margin of 6.52%. On average, sell-side analysts anticipate that Marubeni Corp. will post 19.54 earnings per share for the current fiscal year.

Marubeni Company Profile

(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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