Mitsubishi (OTCMKTS:MSBHF) Shares Up 10% - What's Next?

Key Points

• Shares of Mitsubishi (OTCMKTS:MSBHF) jumped about 10% to $33.05 on Friday, despite light trading volume of 4,867 shares (down ~78% versus the average of 21,911).
• The stock's outlook is muted by analysts: Goldman Sachs began coverage with a "neutral" rating and the consensus from two analysts is a "Hold."
• Mitsubishi's recent quarter beat expectations, reporting $0.43 EPS versus $0.37 expected and $32.18B in revenue versus $27.57B expected; the company has a market cap around $117.15B and a PE of ~24.9.

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) shot up 10% on Friday . The stock traded as high as $33.05 and last traded at $33.05. 4,867 shares were traded during mid-day trading, a decline of 78% from the average session volume of 21,911 shares. The stock had previously closed at $30.05.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Mitsubishi in a report on Tuesday, January 6th. They issued a "neutral" rating for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mitsubishi presently has a consensus rating of "Hold".

Mitsubishi Stock Up 5.2%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The firm has a market capitalization of $117.15 billion, a PE ratio of 24.89 and a beta of 0.58. The company has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $27.67.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The firm had revenue of $32.18 billion during the quarter, compared to analysts' expectations of $27.57 billion. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.

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