Mitsubishi (OTCMKTS:MSBHF) Stock Price Down 0.5% - What's Next?

Key Points

• Mitsubishi Corp. shares fell 0.5%, trading between $23.92 and $24.14, with increased trading volume of 28,612 shares.
• Zacks Research downgraded Mitsubishi from a "strong-buy" to a "hold" rating, contributing to an average rating of "Hold" from analysts.
• The company reported $0.36 EPS for the last quarter, matching analysts' estimates, but its revenue of $29.27 billion fell short of expectations.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) shares were down 0.5% on Tuesday . The stock traded as low as $23.92 and last traded at $24.14. Approximately 28,612 shares changed hands during trading, an increase of 53% from the average daily volume of 18,660 shares. The stock had previously closed at $24.27.

Analyst Upgrades and Downgrades

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

Mitsubishi Stock Down 0.5%

The firm has a market capitalization of $95.99 billion, a PE ratio of 17.75 and a beta of 0.62. The business's 50 day simple moving average is $23.27 and its 200 day simple moving average is $20.81. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%. The business had revenue of $29.27 billion during the quarter, compared to analysts' expectations of $30.24 billion. On average, equities research analysts forecast that Mitsubishi Corp. will post 1.6 earnings per share 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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