Mitsubishi (OTCMKTS:MSBHF) Shares Gap Up - Should You Buy?

Key Points

• Mitsubishi Corp. shares opened at $25.30 after previously closing at $24.50, indicating increased trading interest.
• Analysts at Zacks Research downgraded Mitsubishi's rating from "strong-buy" to "hold," reflecting a more cautious outlook.
• The company reported earnings of $0.36 per share for its last quarter, meeting consensus estimates, but revenue fell short, totaling $29.27 billion against an expected $30.24 billion.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $24.50, but opened at $25.30. Mitsubishi shares last traded at $24.52, with a volume of 1,711 shares trading hands.

Analyst Ratings Changes

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

Mitsubishi Price Performance

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 market capitalization of $97.22 billion, a P/E ratio of 17.98 and a beta of 0.62. The business's fifty day moving average price is $21.98 and its 200-day moving average price is $20.04.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $29.27 billion during 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 predict 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.

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