Marubeni (OTCMKTS:MARUY) Shares Gap Down – Here’s What Happened

Marubeni Corp. (OTCMKTS:MARUY) gapped down before the market opened on Wednesday. The stock had previously closed at $31.18, but opened at $30.09. Marubeni shares last traded at $31.40, with a volume of 6,556 shares trading hands.

Marubeni Trading Up 0.6%

The firm has a market cap of $52.09 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.65 and a beta of 0.57. The company has a fifty day moving average price of $31.21 and a 200-day moving average price of $176.28. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.41.

Marubeni (OTCMKTS:MARUY) last issued its earnings results on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. The firm had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $13.80 billion. Marubeni had a return on equity of 13.08% and a net margin of 6.62%. As a group, research analysts expect that Marubeni Corp. will post 2.44 EPS for the current year.

About Marubeni

Marubeni Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across a broad range of industries. Its activities include the import, export, distribution, investment and financing of products and services in areas such as food, agricultural products, forest products, chemicals, metals and mineral resources, energy, infrastructure, transportation and information technology.

The company is also involved in power generation and energy infrastructure, including renewable energy projects, as well as finance and leasing, real estate, construction, aerospace and mobility-related businesses.