Marubeni Corp. (OTCMKTS:MARUY – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $280.91 and traded as low as $30.50. Marubeni shares last traded at $30.55, with a volume of 122,905 shares.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered shares of Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Marubeni presently has an average rating of “Hold”.
Check Out Our Latest Research Report on MARUY
Marubeni Trading Down 0.3%
Marubeni (OTCMKTS:MARUY – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.16%. The company had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $13.80 billion. As a group, analysts expect that Marubeni Corp. will post 2.38 earnings per share for the current year.
Marubeni Company Profile
Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.
The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.
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