Mitsubishi (OTCMKTS:MSBHY) Stock Passes Below 200 Day Moving Average – Here’s Why

by · The Markets Daily

Mitsubishi Co. (OTCMKTS:MSBHY – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.23 and traded as low as $39.30. Mitsubishi shares last traded at $40.23, with a volume of 8,200 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Macquarie downgraded shares of Mitsubishi from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 7th.

View Our Latest Research Report on MSBHY

Mitsubishi Stock Up 0.2 %

The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $40.23 and a two-hundred day moving average price of $40.23. The company has a market cap of $29.89 billion and a price-to-earnings ratio of 8.65.

About Mitsubishi

(Get Free Report)

Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials worldwide. The company's Global Environmental & Infrastructure Business segment conducts environmental and infrastructure projects, related trading operations, and other activities in power generation, water, transportation, and other infrastructure fields.

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