Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $281.28, but opened at $290.64. Marubeni shares last traded at $288.46, with a volume of 4,050 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Marubeni currently has a consensus rating of “Hold”.

Marubeni Stock Up 4.5%

The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market cap of $48.40 billion, a PE ratio of 13.34, a P/E/G ratio of 1.59 and a beta of 0.50. The business’s 50-day simple moving average is $337.55 and its 200 day simple moving average is $336.66.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing the consensus estimate of $4.58 by ($0.25). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $14.83 billion. As a group, equities research analysts expect that Marubeni Corp. will post 23.86 earnings per share for the current year.

About Marubeni

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.