Subaru (OTCMKTS:FUJHY) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Subaru Corporation's stock price has recently crossed above its 50-day moving average of $10.13, trading as high as $10.37 during the session.
• Goldman Sachs upgraded Subaru's rating from neutral to buy, while one analyst rated it as a sell, resulting in a consensus rating of hold.
• In its latest earnings report, Subaru exceeded expectations by posting $0.26 earnings per share, surpassing analysts' estimates of $0.20, along with revenues of $8.23 billion.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.13 and traded as high as $10.37. Subaru shares last traded at $10.25, with a volume of 68,246 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Subaru from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Subaru has a consensus rating of "Hold".

Subaru Price Performance

The business's 50 day moving average price is $10.13 and its 200-day moving average price is $9.30. The company has a market cap of $15.03 billion, a P/E ratio of 7.27 and a beta of 0.39.

Subaru (OTCMKTS:FUJHY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. Subaru had a net margin of 6.40% and a return on equity of 11.48%. The company had revenue of $8.23 billion during the quarter, compared to analysts' expectations of $7.32 billion. As a group, research analysts forecast that Subaru Corporation will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FUJHY. GAMMA Investing LLC raised its position in Subaru by 1,214.1% in the 1st quarter. GAMMA Investing LLC now owns 120,802 shares of the company's stock worth $1,076,000 after purchasing an additional 111,609 shares during the last quarter. Great Lakes Advisors LLC raised its position in Subaru by 26.8% in the 1st quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock worth $2,618,000 after purchasing an additional 62,043 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its position in Subaru by 24.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock worth $442,000 after purchasing an additional 9,993 shares during the last quarter. Institutional investors own 0.01% of the company's stock.

About Subaru

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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