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

Subaru Corporation (OTCMKTS:FUJHY) gapped down prior to trading on Thursday . The stock had previously closed at $10.67, but opened at $10.12. Subaru shares last traded at $10.55, with a volume of 15,217 shares changing hands.

Subaru Price Performance

The company’s 50-day moving average price is $10.91 and its 200-day moving average price is $10.19. The company has a quick ratio of 1.99, a current ratio of 2.49 and a debt-to-equity ratio of 0.13. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 8.92 and a beta of 0.34.

Subaru (OTCMKTS:FUJHY) last announced its earnings results on Monday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Subaru had a return on equity of 9.62% and a net margin of 5.49%.The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.53 billion. On average, equities research analysts forecast that Subaru Corporation will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Subaru

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Subaru by 12.7% during the 2nd quarter. GAMMA Investing LLC now owns 15,286 shares of the company’s stock valued at $132,000 after purchasing an additional 1,728 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Subaru by 24.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company’s stock valued at $442,000 after purchasing an additional 9,993 shares during the period. Great Lakes Advisors LLC grew its position in Subaru by 11.6% in the 3rd quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock worth $3,601,000 after purchasing an additional 37,021 shares during the last quarter. Finally, Beddow Capital Management Inc. increased its holdings in shares of Subaru by 2.8% during the 3rd quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock worth $6,019,000 after purchasing an additional 16,372 shares during the period. 0.01% of the stock is currently owned by institutional investors.

About Subaru

Subaru Corporation, traded over the counter as OTCMKTS:FUJHY, is a Japanese multinational automaker known for its distinctive use of the horizontally opposed “boxer” engine and standard symmetrical all-wheel-drive system across most of its vehicle lineup. Founded in 1953 as Fuji Heavy Industries, the company rebranded to Subaru Corporation in 2017 to align its corporate identity with its well‐established automotive brand. Subaru’s product portfolio includes compact and midsize sedans, sport wagons, crossovers and SUVs, with flagship models such as the Impreza, Legacy, Outback, Forester and Crosstrek (also marketed as the XV in some regions), as well as the performance-oriented BRZ sports coupe developed in partnership with Toyota.

In addition to passenger vehicles, Subaru Corporation is involved in the manufacturing of automotive components, aerospace products and industrial machinery, leveraging advanced materials and precision engineering capabilities inherited from its Fuji Heavy Industries heritage.