Marubeni (OTCMKTS:MARUY) Sets New 1-Year High – Here’s Why

by · The Cerbat Gem

Marubeni Corp. (OTCMKTS:MARUY – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $284.42 and last traded at $282.92, with a volume of 862 shares changing hands. The stock had previously closed at $279.74.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Marubeni from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Marubeni

Marubeni Trading Up 0.9%

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.06. The business has a fifty day moving average of $252.98 and a 200-day moving average of $228.49. The stock has a market capitalization of $46.89 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.62.

Marubeni (OTCMKTS:MARUY – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. On average, equities analysts anticipate that Marubeni Corp. will post 19.54 earnings per share for the current fiscal year.

About Marubeni

(Get Free Report)

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.

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