Subaru (OTCMKTS:FUJHY) Shares Gap Down – What’s Next?

Shares of Subaru Corporation (OTCMKTS:FUJHY) gapped down prior to trading on Wednesday. The stock had previously closed at $8.27, but opened at $8.01. Subaru shares last traded at $8.2980, with a volume of 3,698 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Subaru from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Subaru has an average rating of “Reduce”.

Subaru Trading Up 1.7%

The stock has a market cap of $12.04 billion, a P/E ratio of 20.62, a PEG ratio of 0.37 and a beta of 0.38. The firm’s fifty day moving average price is $8.21 and its two-hundred day moving average price is $7.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.29 and a quick ratio of 1.75.

Subaru (OTCMKTS:FUJHY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). Subaru had a return on equity of 3.04% and a net margin of 1.77%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. Subaru has set its FY 2027 guidance at 0.572-0.572 EPS. As a group, equities research analysts forecast that Subaru Corporation will post 0.66 EPS for the current year.

Institutional Trading of Subaru

An institutional investor recently raised its position in Subaru stock. GAMMA Investing LLC lifted its holdings in shares of Subaru Corporation (OTCMKTS:FUJHY) by 69.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,221 shares of the company’s stock after purchasing an additional 2,947 shares during the quarter. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 at the end of the most recent quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for its Subaru automobile brand. The company develops, produces and sells passenger cars and sport utility vehicles, with a product lineup that includes models such as the Impreza, Legacy, Outback, Forester, Crosstrek and Solterra. Subaru vehicles are widely associated with symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and driver-assistance technologies.

In addition to automobiles, Subaru operates an aerospace business that develops and manufactures aircraft, aerospace components and related systems.