Mitsubishi UFJ Financial Group Inc. (MTU) Sees Large Volume Increase
Shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) saw unusually-high trading volume on Thursday . Approximately 1,607,643 shares traded hands during 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.
MTU has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. JPMorgan Chase & Co. started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, July 6th. They set an “overweight” rating on the stock.
The stock has a market cap of $76.19 billion and a PE ratio of 10.91. The company’s 50-day moving average is $5.07 and its 200-day moving average is $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.
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