Mitsubishi (OTCMKTS:MSBHF) Shares Down 5.2% – Here’s Why

Mitsubishi Corp. (OTCMKTS:MSBHF) shares were down 5.2% during trading on Thursday . The company traded as low as $33.1560 and last traded at $33.1560. Approximately 579 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 24,265 shares. The stock had previously closed at $34.97.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Mitsubishi in a research report on Tuesday, January 6th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Mitsubishi Trading Down 1.2%

The business’s fifty day moving average is $31.91 and its 200-day moving average is $26.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The firm has a market cap of $137.94 billion, a P/E ratio of 27.31 and a beta of 0.58.

Mitsubishi (OTCMKTS:MSBHF) last posted its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $32.18 billion for the quarter, compared to analyst estimates of $27.57 billion. Mitsubishi had a net margin of 3.99% and a return on equity of 7.43%. Analysts predict that Mitsubishi Corp. will post 1.6 EPS for the current 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.