Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped up prior to trading on Thursday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $30.91, but opened at $32.45. Mitsubishi shares last traded at $30.60, with a volume of 1,062 shares trading hands.
Mitsubishi Trading Down 0.7%
The company has a market cap of $113.59 billion, a price-to-earnings ratio of 22.05 and a beta of 0.46. The firm has a 50 day moving average price of $33.20 and a two-hundred day moving average price of $29.55. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. The company had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. As a group, equities analysts forecast that Mitsubishi Corp. will post 2.22 earnings per share for the current year.
Mitsubishi Company Profile
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.
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