Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $27.31, but opened at $28.45. Mitsubishi shares last traded at $28.45, with a volume of 581 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Mitsubishi to a “hold” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Get Our Latest Stock Analysis on MSBHF
Mitsubishi Stock Up 2.1%
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $32.97 billion for 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%. Analysts forecast that Mitsubishi Corp. 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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