Mitsubishi (OTCMKTS:MSBHF) Sees Large Volume Increase – What’s Next?

Mitsubishi Corp. (OTCMKTS:MSBHF) saw unusually-high trading volume on Monday . Approximately 10,140 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 4,330 shares.The stock last traded at $23.15 and had previously closed at $23.1350.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on Mitsubishi in a report on Tuesday. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Mitsubishi presently has an average rating of “Hold”.

Mitsubishi Stock Up 0.7%

The company has a quick ratio of 1.13, a current ratio of 1.44 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $94.11 billion, a PE ratio of 19.89 and a beta of 0.64. The firm’s fifty day moving average is $23.61 and its 200-day moving average is $22.60.

Mitsubishi (OTCMKTS:MSBHF) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The business had revenue of $29.97 billion for the quarter, compared to analysts’ expectations of $27.73 billion. On average, equities research analysts predict that Mitsubishi Corp. will post 1.6 earnings per share 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.