Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $30.79 and traded as high as $31.3925. Mitsubishi shares last traded at $31.30, with a volume of 5,791 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi currently has an average rating of “Buy”.
Read Our Latest Report on Mitsubishi
Mitsubishi Stock Down 4.7%
The firm has a market cap of $113.20 billion, a P/E ratio of 19.83 and a beta of 0.49. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $30.79 and a 200-day moving average of $30.86.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $31.86 billion during the quarter, compared to the consensus estimate of $26.46 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. On average, equities research analysts anticipate that Mitsubishi Corp. will post 2.37 earnings per share for the current year.
About Mitsubishi
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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