Mitsubishi (OTCMKTS:MSBHF – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.
Mitsubishi Price Performance
Shares of Mitsubishi stock opened at $30.87 on Wednesday. The stock’s 50-day simple moving average is $33.29 and its 200-day simple moving average is $29.55. Mitsubishi has a 52 week low of $18.34 and a 52 week high of $37.75. The company has a market capitalization of $114.40 billion, a price-to-earnings ratio of 22.21 and a beta of 0.46. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. The business had revenue of $32.97 billion for the quarter, compared to the consensus estimate of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. As a group, analysts expect that Mitsubishi will post 2.22 earnings per share 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.
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