MITSUBISHI CORP/S (OTCMKTS:MSBHY) Stock Price Crosses Below 200-Day Moving Average of $53.52

MITSUBISHI CORP/S (OTCMKTS:MSBHY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $53.52 and traded as low as $51.99. MITSUBISHI CORP/S shares last traded at $51.99, with a volume of 859 shares changing hands.

Separately, ValuEngine lowered MITSUBISHI CORP/S from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

The stock has a market cap of $41.45 billion, a PE ratio of 7.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.29. The firm has a fifty day moving average price of $50.28 and a 200 day moving average price of $53.49.

Hedge funds have recently modified their holdings of the stock. Intercontinental Wealth Advisors LLC raised its stake in MITSUBISHI CORP/S by 5.0% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 7,424 shares of the conglomerate’s stock worth $414,000 after acquiring an additional 356 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in MITSUBISHI CORP/S by 2.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 666,353 shares of the conglomerate’s stock worth $37,159,000 after acquiring an additional 18,620 shares during the last quarter. Lenox Wealth Management Inc. raised its stake in MITSUBISHI CORP/S by 96.5% in the 2nd quarter. Lenox Wealth Management Inc. now owns 2,741 shares of the conglomerate’s stock worth $145,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in MITSUBISHI CORP/S by 75.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 7,155 shares of the conglomerate’s stock worth $371,000 after acquiring an additional 3,066 shares during the last quarter. Institutional investors own 0.09% of the company’s stock.

MITSUBISHI CORP/S Company Profile (OTCMKTS:MSBHY)

Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials worldwide. The company's Global Environmental & Infrastructure Business segment conducts environmental and infrastructure projects, related trading operations, and other activities in power generation, water, transportation, and other infrastructure fields.

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