Mitsubishi (OTCMKTS:MSBHF – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.
Mitsubishi Stock Down 4.9%
Shares of OTCMKTS MSBHF opened at $30.87 on Wednesday. The stock has a market cap of $114.40 billion, a P/E ratio of 22.21 and a beta of 0.46. The firm has a 50 day moving average price of $33.29 and a 200 day moving average price of $29.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.41. Mitsubishi has a 52-week low of $18.34 and a 52-week high of $37.75.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The firm had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $22.88 billion. Mitsubishi had a net margin of 4.23% and a return on equity of 8.04%. Analysts expect that Mitsubishi will post 2.22 EPS for the current year.
Mitsubishi Company Profile
Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.
Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.
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