Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.6225, but opened at $24.54. Mitsubishi shares last traded at $25.28, with a volume of 6,085 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on shares of Mitsubishi in a research note on Tuesday, January 6th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi has a consensus rating of “Hold”.

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Mitsubishi Trading Up 1.0%

The company has a market cap of $102.89 billion, a P/E ratio of 21.74 and a beta of 0.64. The business’s 50-day moving average price is $23.90 and its 200 day moving average price is $22.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.44.

Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $29.97 billion during the quarter, compared to analyst estimates of $27.73 billion. Mitsubishi had a net margin of 3.86% and a return on equity of 6.97%. As a group, analysts expect that Mitsubishi Corp. will post 1.6 earnings per share for the current year.

Mitsubishi Company Profile

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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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