Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s share price rose 5.8% on Monday. The stock traded as high as $30.90 and last traded at $30.90. 2,261 shares changed hands during trading, a decline of 91% from the average daily volume of 26,257 shares. The stock had previously closed at $29.21.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.
Get Our Latest Stock Report on Mitsubishi
Mitsubishi Price Performance
The company has a fifty day simple moving average of $30.72 and a two-hundred day simple moving average of $30.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.46. The company has a market capitalization of $115.81 billion, a price-to-earnings ratio of 20.29 and a beta of 0.49.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $31.86 billion for the quarter, compared to analyst estimates of $26.46 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. As a group, research analysts anticipate that Mitsubishi Corp. will post 2.37 earnings per share for the current year.
Mitsubishi Company Profile
Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.
Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.
Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.
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