Mitsubishi (OTCMKTS:MSBHF) Shares Gap Up – Still a Buy?

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) gapped up before the market opened on Wednesday . The stock had previously closed at $31.85, but opened at $33.95. Mitsubishi shares last traded at $33.95, with a volume of 276 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Mitsubishi to a “hold” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mitsubishi currently has an average rating of “Hold”.

Mitsubishi Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.09. The firm has a 50-day moving average of $30.02 and a 200-day moving average of $31.38. The stock has a market cap of $125.82 billion, a PE ratio of 22.05 and a beta of 0.46.

Mitsubishi (OTCMKTS:MSBHF) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Mitsubishi had a return on equity of 8.79% and a net margin of 4.49%.The company had revenue of $31.86 billion for the quarter, compared to analysts’ expectations of $26.46 billion. Research analysts predict that Mitsubishi Corp. will post 2.37 EPS for the current year.

Mitsubishi Company Profile

Mitsubishi Corporation is a Japan-based global trading and business investment company whose shares trade over the counter in the United States under the symbol MSBHF. The company develops and manages businesses across a broad range of industries, combining international trading, project development, supply-chain management and strategic investment.

Its activities include energy and power solutions, natural resources, chemicals, industrial materials, food and consumer products, mobility, infrastructure, and urban and digital business development.