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) 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 Trading Down 0.1%

The firm has a market cap of $85.84 billion, a PE ratio of 15.87 and a beta of 0.58. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.32. The company's 50 day moving average price is $20.17 and its two-hundred day moving average price is $18.83.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $29.27 billion for the quarter, compared to the consensus estimate of $30.24 billion. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%. As a group, sell-side analysts forecast 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.