Mitsubishi (OTCMKTS:MSBHF – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.
Mitsubishi Trading Up 1.0%
OTCMKTS:MSBHF opened at $30.30 on Monday. Mitsubishi has a one year low of $21.41 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10. The company’s 50-day simple moving average is $30.88 and its 200 day simple moving average is $31.19. The firm has a market capitalization of $112.29 billion, a P/E ratio of 19.67 and a beta of 0.49.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $31.86 billion for the quarter, compared to analysts’ expectations of $26.46 billion. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. As a group, analysts forecast that Mitsubishi will post 2.37 EPS for the current fiscal year.
Mitsubishi Company Profile
Mitsubishi Corporation (OTCMKTS: MSBHF) is a Japan-based global trading and business investment company. As one of the core companies of the Mitsubishi group, it develops, operates and invests in businesses across a broad range of industries rather than focusing on a single product line.
The company’s activities include energy and power solutions, metals and mineral resources, chemicals, food and consumer products, industrial materials, mobility, urban development, and infrastructure. Mitsubishi Corporation works with business partners to import and export commodities, arrange supply chains, develop projects, and provide operating and investment support across its portfolio.
Founded in 1954, the company has expanded from a traditional Japanese trading house into an international enterprise serving customers and partners in Japan and markets worldwide.
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