Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up before the market opened 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 changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Mitsubishi from a “hold” rating to a “strong-buy” rating in a research 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on MSBHF
Mitsubishi Price Performance
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 business’s fifty day moving average price is $30.74 and its 200-day moving average price is $30.79. The stock has a market capitalization of $112.12 billion, a price-to-earnings ratio of 19.64 and a beta of 0.49.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. The company had revenue of $31.86 billion for the quarter, compared to analyst estimates of $26.46 billion. On average, research analysts forecast that Mitsubishi Corp. will post 2.37 EPS 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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