Subaru (OTCMKTS:FUJHY) Shares Cross Above 50-Day Moving Average of $8.82

Subaru Co. (OTCMKTS:FUJHYGet 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.

Subaru (OTCMKTS:FUJHYGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Subaru had a return on equity of 4.11% and a net margin of 2.65%. On average, sell-side analysts predict that Subaru Co. will post 1.09 EPS for the current fiscal year.

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

(Get Rating)

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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