Subaru (OTCMKTS:FUJHY) Sees Large Volume Increase – Still a Buy?

Subaru Corporation (OTCMKTS:FUJHY) shares saw unusually-strong trading volume on Friday. Approximately 1,025,525 shares were traded during mid-day trading, an increase of 311% from the average daily volume of 249,519 shares. The stock last traded at $8.60 and had previously closed at $8.90.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Subaru from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Subaru Stock Down 3.0%

The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $12.38 billion, a P/E ratio of 21.58, a PEG ratio of 0.38 and a beta of 0.35. The stock has a 50 day moving average price of $8.26 and a 200 day moving average price of $8.32.

Subaru (OTCMKTS:FUJHY) last issued its earnings results on Wednesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. Subaru had a return on equity of 3.04% and a net margin of 1.77%. On average, research analysts anticipate that Subaru Corporation will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Subaru

An institutional investor recently raised its stake in Subaru stock. GAMMA Investing LLC increased its position in Subaru Corporation (OTCMKTS:FUJHY) by 69.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,221 shares of the company’s stock after buying an additional 2,947 shares during the quarter. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.01% of the company’s stock.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for its Subaru automobile brand. The company develops, produces and sells passenger cars and sport utility vehicles, with a product lineup that includes models such as the Impreza, Legacy, Outback, Forester, Crosstrek and Solterra. Subaru vehicles are widely associated with symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and driver-assistance technologies.

In addition to automobiles, Subaru operates an aerospace business that develops and manufactures aircraft, aerospace components and related systems.