Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down – Time to Sell?

Mitsubishi Corp. (OTCMKTS:MSBHF) shares gapped down prior to trading on Friday . The stock had previously closed at $33.28, but opened at $30.88. Mitsubishi shares last traded at $33.20, with a volume of 34,820 shares traded.

Wall Street Analyst Weigh In

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

Mitsubishi Stock 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 stock’s 50-day moving average is $25.48 and its 200 day moving average is $23.94. The firm has a market cap of $133.21 billion, a P/E ratio of 26.38 and a beta of 0.64.

Mitsubishi (OTCMKTS:MSBHF) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Mitsubishi had a return on equity of 7.36% and a net margin of 3.99%.The firm had revenue of $32.18 billion during the quarter, compared to the consensus estimate of $27.57 billion. On average, 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.