Mitsubishi (OTCMKTS:MSBHF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) saw unusually-high trading volume on Tuesday . Approximately 22,567 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 10,825 shares.The stock last traded at $25.5907 and had previously closed at $25.75.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Mitsubishi in a research note on Tuesday, January 6th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Mitsubishi Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.44. The company has a market capitalization of $102.79 billion, a price-to-earnings ratio of 21.72 and a beta of 0.64. The company has a 50-day moving average price of $23.83 and a 200-day moving average price of $22.93.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $29.97 billion for the quarter, compared to the consensus estimate of $27.73 billion. Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%. On average, equities research analysts expect that Mitsubishi Corp. will post 1.6 EPS for the current fiscal year.

About Mitsubishi

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.