Mitsubishi (OTCMKTS:MSBHF – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.
Mitsubishi Stock Performance
Shares of MSBHF opened at $31.76 on Tuesday. The stock has a 50-day moving average of $30.86 and a two-hundred day moving average of $31.00. Mitsubishi has a one year low of $21.41 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.46. The stock has a market cap of $117.70 billion, a P/E ratio of 20.62 and a beta of 0.52.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.16. The business had revenue of $33.22 billion for the quarter, compared to the consensus estimate of $28.64 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. As a group, research analysts predict that Mitsubishi will post 2.37 EPS for the current year.
Mitsubishi Company Profile
Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.
Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.
Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.
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