Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price traded up 5.8% on Monday. The stock traded as high as $30.90 and last traded at $30.90. 2,261 shares were traded during trading, a decline of 91% from the average daily volume of 26,257 shares. The stock had previously closed at $29.21.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Research Report on MSBHF
Mitsubishi Stock Performance
The company has a market capitalization of $122.67 billion, a P/E ratio of 21.49 and a beta of 0.49. The business has a 50 day moving average of $30.77 and a 200-day moving average of $30.83.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $31.86 billion during the quarter, compared to the consensus estimate of $26.46 billion. As a group, equities analysts forecast that Mitsubishi Corp. 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.
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