Mitsubishi (OTCMKTS:MSBHF) Announces Quarterly Earnings Results
by Doug Wharley · The Cerbat GemMitsubishi (OTCMKTS:MSBHF – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09, Zacks reports. Mitsubishi had a net margin of 3.99% and a return on equity of 7.43%.
Mitsubishi Stock Performance
Shares of MSBHF traded up $1.34 during trading hours on Friday, reaching $32.74. 9,481 shares of the company traded hands, compared to its average volume of 50,331. The stock has a market capitalization of $121.32 billion, a P/E ratio of 25.78 and a beta of 0.58. The company has a quick ratio of 1.06, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. Mitsubishi has a 12-month low of $17.71 and a 12-month high of $37.15. The business has a fifty day moving average price of $33.10 and a 200-day moving average price of $27.92.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group started coverage on shares of Mitsubishi in a report on Tuesday, January 6th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Analysis on MSBHF
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.