Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $30.00, but opened at $32.35. Mitsubishi shares last traded at $29.9050, with a volume of 733 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Stock Report on Mitsubishi
Mitsubishi Price Performance
The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a market cap of $110.83 billion, a PE ratio of 19.42 and a beta of 0.49. The business has a fifty day moving average of $30.75 and a 200-day moving average of $30.85.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.51 earnings per share 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 analysts’ expectations of $26.46 billion. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. As a group, research analysts predict that Mitsubishi Corp. will post 2.37 earnings per share for the current year.
About Mitsubishi
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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