Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $30.00, but opened at $32.35. Mitsubishi shares last traded at $29.9050, with a volume of 733 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Mitsubishi from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi currently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on Mitsubishi
Mitsubishi Trading Down 0.3%
The firm has a market cap of $110.83 billion, a price-to-earnings ratio of 19.42 and a beta of 0.49. 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 firm’s fifty day moving average is $30.75 and its 200-day moving average is $30.85.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $31.86 billion during the quarter, compared to analyst estimates of $26.46 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. Equities analysts anticipate that Mitsubishi Corp. will post 2.37 earnings per share for the current year.
Mitsubishi Company Profile
Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.
Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.
Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.
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