Mitsubishi (OTCMKTS:MSBHF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Mitsubishi (OTCMKTS:MSBHF) to a hold rating in a report released on Wednesday,Zacks.com reports.

Mitsubishi Trading Down 4.9%

Shares of Mitsubishi stock opened at $30.87 on Wednesday. The stock has a market cap of $114.40 billion, a P/E ratio of 22.21 and a beta of 0.46. The stock’s 50 day simple moving average is $33.29 and its 200-day simple moving average is $29.55. Mitsubishi has a 1-year low of $18.34 and a 1-year high of $37.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.09.

Mitsubishi (OTCMKTS:MSBHF) last issued its earnings results on Friday, May 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $32.97 billion for the quarter, compared to analysts’ expectations of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. Analysts predict that Mitsubishi will post 2.22 EPS for the current fiscal year.

About Mitsubishi

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.