Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $30.6620, but opened at $26.98. Mitsubishi shares last traded at $30.08, with a volume of 22,592 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Mitsubishi to a “hold” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on MSBHF
Mitsubishi Trading Down 0.4%
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. The firm had revenue of $32.97 billion during the quarter, compared to the consensus estimate of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. As a group, equities analysts expect that Mitsubishi Corp. will post 2.22 earnings per share for the current fiscal 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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