Mitsubishi (OTCMKTS:MSBHF) Shares Up 1.6% - Time to Buy?

Key Points

• Mitsubishi Corp. stock price increased by 1.6%, reaching $21.85 during trading, with a significant rise in trading volume of approximately 15,508 shares.
• The company reported a net margin of 4.42% and return on equity of 8.03% for its latest quarter, with revenue falling short of analysts' expectations.
• Mitsubishi has a market capitalization of $86.88 billion and a P/E ratio of 16.07, indicating strong financial metrics relative to its industry peers.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report) shares rose 1.6% during mid-day trading on Tuesday . The stock traded as high as $21.90 and last traded at $21.85. Approximately 15,508 shares traded hands during trading, an increase of 13% from the average daily volume of 13,759 shares. The stock had previously closed at $21.50.

Mitsubishi Stock Up 2.2%

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 business's fifty day moving average price is $20.14 and its 200 day moving average price is $18.77. The company has a market capitalization of $85.79 billion, a P/E ratio of 15.86 and a beta of 0.58.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Mitsubishi had a return on equity of 8.03% and a net margin of 4.42%. The business had revenue of $29.27 billion during the quarter, compared to the consensus estimate of $30.24 billion. As a group, equities research 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.