Mitsubishi (OTCMKTS:MSBHF) Stock Price Up 6.1% - Time to Buy?

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.

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

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 $19.97 and a 200 day moving average price of $18.39. The stock has a market capitalization of $79.83 billion, a P/E ratio of 12.95 and a beta of 0.58.

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