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

Zacks Research lowered shares of Mitsubishi (OTCMKTS:MSBHF) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks reports.

Mitsubishi Trading Up 5.8%

Shares of OTCMKTS:MSBHF opened at $31.76 on Tuesday. The stock has a market capitalization of $117.70 billion, a PE ratio of 20.62 and a beta of 0.52. Mitsubishi has a 1 year low of $21.41 and a 1 year high of $37.75. The firm has a fifty day moving average price of $30.86 and a 200 day moving average price of $31.00. 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) last posted its earnings results on Wednesday, November 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.39 by $0.16. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. The firm had revenue of $33.22 billion for the quarter, compared to the consensus estimate of $28.64 billion. Analysts expect that Mitsubishi will post 2.37 EPS for the current fiscal year.

Mitsubishi Company Profile

Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.

Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.

Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.