Mitsubishi (OTCMKTS:MSBHF) Sees Large Volume Increase – Time to Buy?

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) saw an uptick in trading volume on Tuesday . 22,567 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 10,825 shares.The stock last traded at $25.5907 and had previously closed at $25.75.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on Mitsubishi in a research report on Tuesday, January 6th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Mitsubishi Stock Performance

The company has a market capitalization of $102.89 billion, a price-to-earnings ratio of 21.74 and a beta of 0.64. The company has a 50 day moving average price of $23.93 and a 200 day moving average price of $23.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.44.

Mitsubishi (OTCMKTS:MSBHF) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The firm had revenue of $29.97 billion during the quarter, compared to the consensus estimate of $27.73 billion. Equities research analysts predict that Mitsubishi Corp. will post 1.6 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.