Mitsubishi (OTCMKTS:MSBHF) Shares Gap Up – Should You Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $28.8103, but opened at $29.80. Mitsubishi shares last traded at $29.78, with a volume of 6,291 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Mitsubishi has an average rating of “Hold”.

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Mitsubishi Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $29.02 and its two-hundred day moving average price is $31.49. The stock has a market cap of $110.36 billion, a price-to-earnings ratio of 19.34 and a beta of 0.47.

Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Mitsubishi had a net margin of 4.49% and a return on equity of 8.79%. The company had revenue of $31.86 billion during the quarter, compared to the consensus estimate of $26.46 billion. Equities research analysts forecast that Mitsubishi Corp. will post 2.22 EPS for the current fiscal year.

About Mitsubishi

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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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