Subaru (OTCMKTS:FUJHY) Shares Cross Below 200-Day Moving Average – Here’s Why

Subaru Corporation (OTCMKTS:FUJHY) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.35 and traded as low as $8.29. Subaru shares last traded at $8.29, with a volume of 59,826 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Subaru from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Subaru currently has a consensus rating of “Reduce”.

Subaru Trading Down 1.2%

The stock has a market cap of $11.89 billion, a P/E ratio of 20.73, a PEG ratio of 0.37 and a beta of 0.35. The firm’s fifty day moving average price is $8.24 and its two-hundred day moving average price is $8.35. 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 posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.05). The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. Subaru had a net margin of 1.77% and a return on equity of 3.04%. As a group, equities research analysts forecast that Subaru Corporation will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Subaru

A hedge fund recently raised its stake in Subaru stock. GAMMA Investing LLC raised its holdings in Subaru Corporation (OTCMKTS:FUJHY) by 69.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,221 shares of the company’s stock after acquiring an additional 2,947 shares during the period. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors.

Subaru Company Profile

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.