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

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) shares gapped down prior to trading 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 traded.

Mitsubishi Stock 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 moving average price of $20.09 and a 200 day moving average price of $18.68. The stock has a market capitalization of $83.60 billion, a P/E ratio of 15.46 and a beta of 0.58.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last issued 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 firm had revenue of $29.27 billion for the quarter, compared to analysts' expectations of $30.24 billion. As a group, sell-side 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.

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