Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $33.60, but opened at $30.01. Mitsubishi shares last traded at $31.74, with a volume of 3,665 shares traded.
Analyst Ratings Changes
Separately, Zacks Research cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Report on Mitsubishi
Mitsubishi Stock Down 4.8%
The business’s fifty day moving average is $30.93 and its two-hundred day moving average is $31.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.46. The company has a market cap of $118.59 billion, a P/E ratio of 17.58 and a beta of 0.52.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.16. The company had revenue of $33.22 billion for the quarter, compared to analysts’ expectations of $28.64 billion. Mitsubishi had a return on equity of 10.48% and a net margin of 5.14%. Equities analysts predict that Mitsubishi Corp. will post 2.37 EPS for the current year.
About Mitsubishi
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.
Established in 1954, Mitsubishi Corporation is part of the broader Mitsubishi group of companies.
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