Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $24.60, but opened at $23.25. Mitsubishi shares last traded at $24.35, with a volume of 278 shares.

Analyst Ratings Changes

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

Read Our Latest Report on MSBHF

Mitsubishi Price Performance

The firm has a market capitalization of $94.61 billion, a PE ratio of 19.99 and a beta of 0.63. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $23.80 and a two-hundred day moving average price of $22.04.

Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Mitsubishi had a return on equity of 6.94% and a net margin of 3.86%.The firm had revenue of $29.97 billion for the quarter, compared to analyst estimates of $27.73 billion. Sell-side analysts forecast that Mitsubishi Corp. will post 1.6 earnings per share for the current year.

Mitsubishi Company Profile

(Get Free Report)

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.

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