Subaru Co. (OTCMKTS:FUJHY – Get Rating)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.82 and traded as high as $8.89. Subaru shares last traded at $8.77, with a volume of 56,776 shares changing hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded shares of Subaru from a “neutral” rating to a “buy” rating in a report on Tuesday, May 31st.
Subaru Stock Performance
The company has a market cap of $13.46 billion, a PE ratio of 19.93 and a beta of 0.47. The stock’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $8.36.
Hedge Funds Weigh In On Subaru
Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its stake in shares of Subaru by 179.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,935 shares of the company’s stock worth $26,000 after purchasing an additional 1,883 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Subaru in the second quarter worth approximately $111,000. Finally, Beddow Capital Management Inc. acquired a new stake in shares of Subaru in the first quarter worth approximately $107,000.
Subaru Company Profile
Subaru Corporation manufactures and sells automobiles and aerospace products worldwide. It operates through three segments: Automotive Business Unit, Aerospace Company, and Other Businesses. The company manufactures, sells, and repairs passenger cars and their components, airplanes, aerospace-related machinery, and related components; and rents and manages real estate properties.
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