Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $31.30, but opened at $33.50. Mitsubishi shares last traded at $31.1550, with a volume of 1,877 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi presently has a consensus rating of “Buy”.
View Our Latest Report on MSBHF
Mitsubishi Stock Down 6.7%
The company has a market cap of $108.25 billion, a P/E ratio of 18.97 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 company’s 50-day moving average is $30.72 and its two-hundred day moving average is $30.79.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $31.86 billion for the quarter, compared to analysts’ expectations of $26.46 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. As a group, equities analysts predict that Mitsubishi Corp. will post 2.37 earnings per share for the current fiscal 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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