Mitsubishi (OTCMKTS:MSBHF) Sees Unusually-High Trading Volume – Here’s Why

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) saw an uptick in trading volume on Wednesday . 17,448 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 11,293 shares.The stock last traded at $27.8771 and had previously closed at $26.90.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on Mitsubishi in a research report on Tuesday, January 6th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mitsubishi has an average rating of “Hold”.

Mitsubishi Stock Up 3.0%

The company has a fifty day simple moving average of $24.38 and a 200-day simple moving average of $23.43. The company has a quick ratio of 1.13, a current ratio of 1.44 and a debt-to-equity ratio of 0.38. The firm has a market cap of $110.14 billion, a P/E ratio of 23.28 and a beta of 0.64.

Mitsubishi (OTCMKTS:MSBHF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Mitsubishi had a net margin of 3.86% and a return on equity of 6.97%. The company had revenue of $29.97 billion for the quarter, compared to analysts’ expectations of $27.73 billion. On average, equities analysts anticipate that Mitsubishi Corp. will post 1.6 earnings per share for the current year.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.