Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $31.8960, but opened at $34.4305. Mitsubishi shares last traded at $34.4305, with a volume of 755 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research lowered Mitsubishi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Mitsubishi
Mitsubishi Stock Up 2.9%
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10. The business has a fifty day moving average of $31.07 and a 200 day moving average of $31.10. The stock has a market cap of $125.45 billion, a price-to-earnings ratio of 18.60 and a beta of 0.52.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.16. Mitsubishi had a net margin of 5.14% and a return on equity of 10.48%. The firm had revenue of $33.22 billion during the quarter, compared to analysts’ expectations of $28.64 billion. On average, equities analysts predict that Mitsubishi Corp. will post 2.37 earnings per share for the current year.
About Mitsubishi
Mitsubishi Corporation is a Japanese integrated trading and investment company that develops businesses and invests across a broad range of industries. Its activities include natural gas, mineral resources, industrial materials, automotive and mobility, food, consumer products, power solutions and urban development.
The company sources, processes and distributes commodities and other products, and participates in projects and operating businesses throughout their value chains. Its operations and investments span Japan and international markets, supported by a global network of subsidiaries and affiliates.
Established in 1954, Mitsubishi Corporation is part of the broader Mitsubishi group of companies.
Read More
- Five stocks we like better than Mitsubishi
- Barrick’s Earnings Beat Could Be Overshadowed by an Even Bigger Opportunity
- Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
Receive News & Ratings for Mitsubishi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi and related companies with MarketBeat.com's FREE daily email newsletter.
