Mitsubishi (OTCMKTS:MSBHF) Shares Up 1.1% – Still a Buy?

Mitsubishi Co. (OTCMKTS:MSBHF)’s share price rose 1.1% during trading on Friday . The company traded as high as $20.00 and last traded at $19.10. Approximately 27,744 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 44,038 shares. The stock had previously closed at $18.89.

Mitsubishi Stock Performance

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

Mitsubishi (OTCMKTS:MSBHF) last released its earnings results on Friday, May 2nd. The company reported $0.21 earnings per share 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 expect that Mitsubishi Co. will post 1.6 earnings per share for the current fiscal 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.