Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) gapped up prior to trading on Tuesday . The stock had previously closed at $5.22, but opened at $5.25. Mitsubishi UFJ Financial Group shares last traded at $5.30, with a volume of 342,297 shares.

MTU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. JPMorgan Chase & Co. initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, July 6th. They issued an “overweight” rating for the company.

The company has a 50 day moving average of $5.04 and a 200 day moving average of $4.76. The company has a market capitalization of $72.52 billion and a P/E ratio of 10.39.

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company is a bank holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co, Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co, Ltd.

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