Subaru (OTCMKTS:FUJHY) Shares Gap Down – Here’s Why

Subaru Corporation (OTCMKTS:FUJHY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.72, but opened at $10.35. Subaru shares last traded at $10.60, with a volume of 1,646 shares trading hands.

Subaru Trading Up 2.4%

The stock has a market capitalization of $15.78 billion, a PE ratio of 8.82 and a beta of 0.34. The firm’s fifty day moving average is $10.64 and its 200-day moving average is $9.87.

Subaru (OTCMKTS:FUJHY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Subaru had a net margin of 5.49% and a return on equity of 9.69%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.53 billion. As a group, equities analysts predict that Subaru Corporation will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Subaru

Several hedge funds have recently bought and sold shares of the company. Great Lakes Advisors LLC grew its position in Subaru by 26.8% in the 1st quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company’s stock valued at $2,618,000 after acquiring an additional 62,043 shares in the last quarter. Beddow Capital Management Inc. grew its stake in shares of Subaru by 2.8% in the third quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock worth $6,019,000 after acquiring an additional 16,372 shares in the last quarter. CHICAGO TRUST Co NA increased its position in shares of Subaru by 27.5% during the third quarter. CHICAGO TRUST Co NA now owns 64,666 shares of the company’s stock worth $663,000 after acquiring an additional 13,929 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Subaru by 12.7% during the second quarter. GAMMA Investing LLC now owns 15,286 shares of the company’s stock worth $132,000 after acquiring an additional 1,728 shares during the period. Institutional investors and hedge funds own 0.01% of the company’s stock.

Subaru Company Profile

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.