Mitsubishi (OTCMKTS:MSBHF) Shares Up 6.1% - Here's What Happened

Key Points

• Mitsubishi Corp. shares increased by 6.1%, reaching a trading high of $21.00 during mid-day trading on Tuesday.
• The company reported $0.21 EPS for the latest quarter, meeting analysts' estimates, with a revenue of $31.16 billion.
• Mitsubishi's current market cap stands at $78.82 billion and it has a debt-to-equity ratio of 0.32, indicating a solid financial position.

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) shot up 6.1% during mid-day trading on Tuesday . The stock traded as high as $21.00 and last traded at $21.00. 2,758 shares changed hands during trading, a decline of 92% from the average session volume of 33,799 shares. The stock had previously closed at $19.80.

Mitsubishi Trading Up 0.1%

The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $20.00 and a 200 day moving average price of $18.31. The company has a market cap of $78.82 billion, a price-to-earnings ratio of 12.79 and a beta of 0.55.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $31.16 billion during the quarter, compared to the consensus estimate of $4,357.94 billion. Mitsubishi had a return on equity of 9.28% and a net margin of 5.10%. As a group, sell-side analysts forecast that Mitsubishi Corp. will post 1.6 EPS for the current year.

Mitsubishi Company Profile

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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