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

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) gapped up prior to trading on Tuesday . The stock had previously closed at $22.60, but opened at $24.00. Mitsubishi shares last traded at $23.94, with a volume of 4,072 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Mitsubishi Trading Up 3.1%

The business’s 50 day moving average is $20.63 and its two-hundred day moving average is $19.24. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $92.65 billion, a P/E ratio of 17.13 and a beta of 0.62.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%. The business had revenue of $29.27 billion for the quarter, compared to analysts’ expectations of $30.24 billion. Analysts expect that Mitsubishi Corp. will post 1.6 EPS for the current year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.