Mitsubishi (OTCMKTS:MSBHF) Sees Strong Trading Volume - Time to Buy?

Key Points

• Mitsubishi Corp. experienced a significant increase in trading volume, with 94,815 shares traded, a rise of 192% compared to the previous session.
• The company reported a quarterly earnings per share (EPS) of $0.36, matching analyst expectations, alongside a revenue of $29.27 billion, falling short of estimates of $30.24 billion.
• Mitsubishi has a market capitalization of $85.99 billion, with a P/E ratio of 15.90 and a return on equity of 8.03%.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) shares saw an uptick in trading volume on Friday . 94,815 shares traded hands during mid-day trading, an increase of 192% from the previous session's volume of 32,521 shares.The stock last traded at $21.52 and had previously closed at $21.12.

Mitsubishi Stock Up 0.7%

The business has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $18.85. The firm has a market cap of $86.69 billion, a price-to-earnings ratio of 16.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.49 and a quick ratio of 1.17.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The business had revenue of $29.27 billion during the quarter, compared to analyst estimates of $30.24 billion. Mitsubishi had a return on equity of 8.03% and a net margin of 4.42%. As a group, equities analysts forecast that Mitsubishi Corp. will post 1.6 EPS for the current fiscal 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.