Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) saw strong trading volume on Wednesday. Approximately 149,484 shares changed hands during mid-day trading, an increase of 443% from the previous session’s volume of 27,551 shares. The stock last traded at $30.3750 and had previously closed at $29.8351.
Mitsubishi Stock Down 1.6%
The company has a market cap of $110.72 billion, a price-to-earnings ratio of 19.40 and a beta of 0.49. The firm has a 50-day moving average price of $30.84 and a 200 day moving average price of $31.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%.The company had revenue of $31.86 billion during the quarter, compared to the consensus estimate of $26.46 billion. Sell-side analysts predict that Mitsubishi Corp. will post 2.37 EPS for the current year.
About Mitsubishi
Mitsubishi Corporation (OTCMKTS: MSBHF) is a Japan-based global trading and business investment company. As one of the core companies of the Mitsubishi group, it develops, operates and invests in businesses across a broad range of industries rather than focusing on a single product line.
The company’s activities include energy and power solutions, metals and mineral resources, chemicals, food and consumer products, industrial materials, mobility, urban development, and infrastructure. Mitsubishi Corporation works with business partners to import and export commodities, arrange supply chains, develop projects, and provide operating and investment support across its portfolio.
Founded in 1954, the company has expanded from a traditional Japanese trading house into an international enterprise serving customers and partners in Japan and markets worldwide.
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