Subaru (OTCMKTS:FUJHY) Stock Passes Above 50-Day Moving Average – What’s Next?

Subaru Co. (OTCMKTS:FUJHY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.80 and traded as high as $9.05. Subaru shares last traded at $8.96, with a volume of 116,302 shares trading hands.

Subaru Stock Performance

The firm’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.64. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 0.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.08 and a current ratio of 2.63.

Subaru (OTCMKTS:FUJHY) last issued its earnings results on Thursday, February 13th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.46 by $0.23. Subaru had a net margin of 8.50% and a return on equity of 15.26%. On average, sell-side analysts anticipate that Subaru Co. will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Subaru

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of Subaru in the 4th quarter valued at about $83,000. Beddow Capital Management Inc. grew its holdings in Subaru by 20.5% during the fourth quarter. Beddow Capital Management Inc. now owns 140,598 shares of the company’s stock valued at $1,262,000 after purchasing an additional 23,950 shares during the period. Great Lakes Advisors LLC increased its stake in Subaru by 3.6% in the fourth quarter. Great Lakes Advisors LLC now owns 231,753 shares of the company’s stock valued at $2,083,000 after purchasing an additional 8,063 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Subaru by 12.6% in the fourth quarter. Rhumbline Advisers now owns 17,444 shares of the company’s stock worth $157,000 after purchasing an additional 1,947 shares during the period. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Subaru

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.