Marubeni (OTCMKTS:MARUY) Sees Large Volume Increase – Still a Buy?
by Teresa Graham · The Cerbat GemMarubeni Corp. (OTCMKTS:MARUY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 110,921 shares changed hands during trading, an increase of 248% from the previous session’s volume of 31,857 shares.The stock last traded at $370.6720 and had previously closed at $385.6150.
Wall Street Analysts Forecast Growth
MARUY has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research note on Tuesday, January 6th. They set a “buy” rating for the company. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Marubeni currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on Marubeni
Marubeni Price Performance
The stock has a market capitalization of $61.22 billion, a PE ratio of 17.90, a PEG ratio of 1.67 and a beta of 0.57. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The company’s 50 day simple moving average is $366.94 and its 200 day simple moving average is $306.47.
Marubeni (OTCMKTS:MARUY – Get Free Report) last released its earnings results on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing the consensus estimate of $5.39 by ($0.38). Marubeni had a return on equity of 12.96% and a net margin of 6.21%.The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $12.83 billion. On average, equities analysts anticipate that Marubeni Corp. will post 19.54 earnings per share for the current year.
Marubeni Company Profile
Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.
The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.