Mitsubishi (OTCMKTS:MSBHF) Shares Gap Up – Time to Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $27.2450, but opened at $28.99. Mitsubishi shares last traded at $27.2528, with a volume of 1,944 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Mitsubishi to a “hold” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Mitsubishi Stock Performance

The stock has a market cap of $101.14 billion, a P/E ratio of 19.63 and a beta of 0.49. The firm has a 50 day moving average of $31.23 and a two-hundred day moving average of $30.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.41.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.24 by $0.09. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%.The company had revenue of $32.97 billion for the quarter, compared to the consensus estimate of $22.88 billion. On average, research analysts predict that Mitsubishi Corp. will post 2.22 EPS 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.