Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $33.60, but opened at $30.01. Mitsubishi shares last traded at $31.74, with a volume of 3,665 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, Mitsubishi presently has an average rating of “Hold”.
Get Our Latest Report on MSBHF
Mitsubishi Price Performance
The stock has a fifty day moving average price of $30.93 and a 200-day moving average price of $31.03. The firm has a market capitalization of $118.59 billion, a PE ratio of 17.58 and a beta of 0.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.46.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.16. Mitsubishi had a return on equity of 10.48% and a net margin of 5.14%. The firm had revenue of $33.22 billion during the quarter, compared to analysts’ expectations of $28.64 billion. Sell-side analysts forecast that Mitsubishi Corp. will post 2.37 EPS for the current fiscal year.
Mitsubishi Company Profile
Mitsubishi Corporation is a Japanese integrated trading and investment company that develops businesses and invests across a broad range of industries. Its activities include natural gas, mineral resources, industrial materials, automotive and mobility, food, consumer products, power solutions and urban development.
The company sources, processes and distributes commodities and other products, and participates in projects and operating businesses throughout their value chains. Its operations and investments span Japan and international markets, supported by a global network of subsidiaries and affiliates.
Established in 1954, Mitsubishi Corporation is part of the broader Mitsubishi group of companies.
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