Subaru (OTCMKTS:FUJHY) Shares Gap Up - Here's What Happened

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.58, but opened at $9.00. Subaru shares last traded at $8.85, with a volume of 108,600 shares changing hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Subaru to a "strong sell" rating in a research report on Monday, April 14th.

Subaru Stock Performance

The company has a market capitalization of $12.99 billion, a P/E ratio of 5.87 and a beta of 0.41. The business has a 50-day moving average of $8.92 and a 200-day moving average of $8.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.53 and a quick ratio of 2.00.

Subaru (OTCMKTS:FUJHY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The company had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $1,289.35 billion. Subaru had a return on equity of 12.67% and a net margin of 7.21%. On average, sell-side analysts anticipate that Subaru Corporation will post 1.44 EPS for the current year.

Institutional Trading of Subaru

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Subaru by 47.5% in the first quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock valued at $121,000 after acquiring an additional 4,365 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Subaru by 12.6% in the fourth quarter. Rhumbline Advisers now owns 17,444 shares of the company's stock valued at $157,000 after acquiring an additional 1,947 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of Subaru by 17.7% in the first quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock valued at $360,000 after acquiring an additional 6,136 shares in the last quarter. Beddow Capital Management Inc. raised its holdings in shares of Subaru by 20.5% in the fourth quarter. Beddow Capital Management Inc. now owns 140,598 shares of the company's stock valued at $1,262,000 after acquiring an additional 23,950 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Subaru by 3.6% in the fourth quarter. Great Lakes Advisors LLC now owns 231,753 shares of the company's stock valued at $2,083,000 after acquiring an additional 8,063 shares in the last quarter. 0.01% of the stock is currently owned by institutional investors.

Subaru Company Profile

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.

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