Shares of Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) saw unusually-high trading volume on Friday. Approximately 102,387 shares were traded during 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.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Mitsubishi has an average rating of “Hold”.
Read Our Latest Research Report on Mitsubishi
Mitsubishi Stock Performance
The stock has a market capitalization of $124.48 billion, a price-to-earnings ratio of 18.46 and a beta of 0.52. 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 stock has a 50-day moving average of $31.21 and a 200 day moving average of $31.22.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16. The company had revenue of $33.22 billion for the quarter, compared to the consensus estimate of $28.64 billion. Mitsubishi had a net margin of 5.14% and a return on equity of 10.48%. On average, analysts expect that Mitsubishi Corp. will post 2.37 EPS 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.
Read More
- Five stocks we like better than Mitsubishi
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Receive News & Ratings for Mitsubishi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi and related companies with MarketBeat.com's FREE daily email newsletter.
