Mitsubishi (OTCMKTS:MSBHF) Rating Lowered to “Hold” at Zacks Research

Mitsubishi (OTCMKTS:MSBHF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Mitsubishi Price Performance

OTCMKTS:MSBHF opened at $31.76 on Tuesday. Mitsubishi has a one year low of $21.41 and a one year high of $37.75. 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 firm has a market cap of $117.70 billion, a price-to-earnings ratio of 20.62 and a beta of 0.52. The firm’s fifty day moving average is $30.86 and its two-hundred day moving average is $31.00.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16. The business had revenue of $33.22 billion during the quarter, compared to analyst estimates of $28.64 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. Research analysts expect that Mitsubishi will post 2.37 EPS 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.