Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) shares saw unusually-strong trading volume on Friday. 102,387 shares were traded during mid-day trading, an increase of 309% from the average daily volume of 25,028 shares. The stock last traded at $33.59 and had previously closed at $33.30.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on MSBHF
Mitsubishi Trading Up 0.9%
The company has a market cap of $124.48 billion, a price-to-earnings ratio of 18.46 and a beta of 0.52. The company’s fifty day moving average price is $31.21 and its two-hundred day moving average price is $31.22. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.39.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.39 by $0.16. Mitsubishi had a return on equity of 10.48% and a net margin of 5.14%. The business had revenue of $33.22 billion for the quarter, compared to the consensus estimate of $28.64 billion. Research analysts expect 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.
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