Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) shares gapped up prior to trading on Tuesday. The stock had previously closed at $31.8960, but opened at $34.4305. Mitsubishi shares last traded at $34.4305, with a volume of 755 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Mitsubishi presently has an average rating of “Hold”.
Check Out Our Latest Research Report on MSBHF
Mitsubishi Stock Up 0.2%
The firm’s 50-day moving average price is $31.18 and its 200 day moving average price is $31.18. The company has a market capitalization of $123.04 billion, a price-to-earnings ratio of 18.24 and a beta of 0.52. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.16. The business had revenue of $33.22 billion for the quarter, compared to analyst estimates of $28.64 billion. Mitsubishi had a return on equity of 10.48% and a net margin of 5.14%. On average, sell-side analysts forecast that Mitsubishi Corp. will post 2.37 EPS for the current fiscal year.
Mitsubishi Company Profile
Mitsubishi Corporation is a Japanese integrated trading and investment company that develops businesses and invests across a broad range of industries. Its activities include natural gas, mineral resources, industrial materials, automotive and mobility, food, consumer products, power solutions and urban development. The company sources, processes and distributes commodities and other products, and participates in projects and operating businesses throughout their value chains. Its operations and investments span Japan and international markets, supported by a global network of subsidiaries and affiliates.
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