Mitsubishi (OTCMKTS:MSBHF) Shares Up 0.3% – Still a Buy?

Mitsubishi Co. (OTCMKTS:MSBHF)’s share price rose 0.3% on Thursday . The stock traded as high as $17.58 and last traded at $17.10. Approximately 29,053 shares were traded during trading, a decline of 10% from the average daily volume of 32,241 shares. The stock had previously closed at $17.05.

Analyst Ratings Changes

Separately, Macquarie downgraded Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Mitsubishi Trading Up 0.3 %

The firm’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $18.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.46 and a quick ratio of 1.13. The firm has a market capitalization of $68.00 billion, a price-to-earnings ratio of 9.88 and a beta of 0.63.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 6th. The company reported $0.35 EPS for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. Equities analysts expect that Mitsubishi Co. will post 1.6 earnings per share for the current year.

Mitsubishi Company Profile

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.