Mitsubishi (OTCMKTS:MSBHF – Get Free Report) released its earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16, Zacks reports. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%.
Mitsubishi Stock Performance
Shares of Mitsubishi stock traded up $1.49 during trading hours on Wednesday, hitting $31.50. 3,811 shares of the company’s stock traded hands, compared to its average volume of 25,536. Mitsubishi has a 12-month low of $21.41 and a 12-month high of $37.75. The stock has a market capitalization of $116.74 billion, a price-to-earnings ratio of 20.45 and a beta of 0.52. The company has a fifty day simple moving average of $30.82 and a 200-day simple moving average of $30.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
Get Our Latest Stock Report on Mitsubishi
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.
Featured Stories
- Five stocks we like better than Mitsubishi
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
- Washington Made a $2 Billion Quantum Bet, But Can Either ETF Match It?
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.
