Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $27.2450, but opened at $28.99. Mitsubishi shares last traded at $27.2528, with a volume of 1,944 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Analysis on Mitsubishi
Mitsubishi Price Performance
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. On average, equities analysts anticipate that Mitsubishi Corp. will post 2.22 earnings per share for the current year.
About Mitsubishi
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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