Mitsubishi UFJ Financial Group Inc. (MTU) Sees Strong Trading Volume
Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) saw strong trading volume on Thursday . 1,607,643 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 1,237,409 shares.The stock last traded at $5.56 and had previously closed at $5.51.
Several equities research analysts recently weighed in on the company. Daiwa Capital Markets raised Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. assumed coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They issued an “overweight” rating on the stock. Finally, Zacks Investment Research cut Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, June 24th.
The company has a market cap of $76.59 billion and a price-to-earnings ratio of 11.04. The company has a 50 day moving average of $5.10 and a 200-day moving average of $4.78.
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.