Mitsubishi (OTCMKTS:MSBHF) Stock Rating Lowered by Zacks Research

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

Mitsubishi Trading Up 5.8%

Shares of Mitsubishi stock opened at $31.76 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10. The business has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $31.00. Mitsubishi has a 1 year low of $21.41 and a 1 year high of $37.75. The company has a market capitalization of $117.70 billion, a price-to-earnings ratio of 20.62 and a beta of 0.52.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.39 by $0.16. The firm had revenue of $33.22 billion for the quarter, compared to the consensus estimate of $28.64 billion. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. Research analysts forecast 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.