Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down - Here's What Happened

Key Points

• Mitsubishi Corp. shares gapped down from $21.51 to $18.88 prior to trading on Thursday, with the stock last trading at $21.25 and a trading volume of 24,768 shares.
• The company reported a Q2 EPS of $0.36, meeting analysts' expectations but missing revenue projections with $29.27 billion against the expected $30.24 billion.
• Mitsubishi has a market capitalization of $83.60 billion and notable performance metrics, including a debt-to-equity ratio of 0.32 and a return on equity of 8.03%.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $21.51, but opened at $18.88. Mitsubishi shares last traded at $21.25, with a volume of 24,768 shares changing hands.

Mitsubishi Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.49. The business has a 50-day simple moving average of $20.17 and a 200 day simple moving average of $18.83. The firm has a market cap of $86.05 billion, a P/E ratio of 15.89 and a beta of 0.58.

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