Subaru (OTCMKTS:FUJHY) Shares Gap Down – Time to Sell?

Subaru Corporation (OTCMKTS:FUJHY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $8.20, but opened at $7.77. Subaru shares last traded at $7.96, with a volume of 18,793 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FUJHY. UBS Group cut Subaru from a “neutral” rating to a “sell” rating in a research report on Thursday, June 18th. Zacks Research raised Subaru from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Subaru Price Performance

The stock’s 50 day simple moving average is $8.24 and its 200-day simple moving average is $7.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.29 and a quick ratio of 1.75. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.36 and a beta of 0.36.

Subaru (OTCMKTS:FUJHY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.05). Subaru had a return on equity of 3.04% and a net margin of 1.77%.The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. Subaru has set its FY 2027 guidance at 0.572-0.572 EPS. On average, analysts expect that Subaru Corporation will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Subaru

An institutional investor recently raised its position in Subaru stock. CHICAGO TRUST Co NA raised its stake in Subaru Corporation (OTCMKTS:FUJHY) by 10.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,466 shares of the company’s stock after acquiring an additional 6,761 shares during the period. CHICAGO TRUST Co NA’s holdings in Subaru were worth $542,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Subaru

Subaru Corporation is a Japanese transportation manufacturer best known for its Subaru-branded automobiles. The company develops and sells passenger cars and sport utility vehicles, with a product lineup recognized for symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and advanced driver-assistance technologies such as EyeSight.

In addition to automobiles, Subaru operates an aerospace business that designs and manufactures aircraft components and structures and participates in aircraft development and production programs.