Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down – Should You Sell?

Mitsubishi Corp. (OTCMKTS:MSBHF) gapped down before the market opened on Thursday. The stock had previously closed at $32.1250, but opened at $30.50. Mitsubishi shares last traded at $30.80, with a volume of 1,440 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Mitsubishi Price Performance

The stock has a fifty day moving average of $30.79 and a 200-day moving average of $31.35. The firm has a market capitalization of $123.41 billion, a P/E ratio of 21.62 and a beta of 0.46. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.39.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $31.86 billion for the quarter, compared to analyst estimates of $26.46 billion. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. Equities analysts predict that Mitsubishi Corp. will post 2.37 EPS for the current fiscal year.

About Mitsubishi

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.