Mitsubishi (OTCMKTS:MSBHF) Shares Up 1.1% – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHF) shares shot up 1.1% during mid-day trading on Friday . The company traded as high as $20.00 and last traded at $19.10. 27,744 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 44,038 shares. The stock had previously closed at $18.89.

Mitsubishi Stock Performance

The company’s 50 day simple moving average is $18.04 and its 200 day simple moving average is $17.19. The stock has a market cap of $75.95 billion, a price-to-earnings ratio of 11.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $31.16 billion for the quarter, compared to analysts’ expectations of $4,357.94 billion. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. On average, equities research analysts anticipate that Mitsubishi Co. will post 1.6 earnings per share for the current year.

About Mitsubishi

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.