Mitsubishi (OTCMKTS:MSBHF) Stock Price Up 0.3% – Here’s Why

Mitsubishi Co. (OTCMKTS:MSBHF) was up 0.3% during mid-day trading on Thursday . The company traded as high as $17.58 and last traded at $17.10. Approximately 29,053 shares were traded during trading, a decline of 10% from the average daily volume of 32,241 shares. The stock had previously closed at $17.05.

Analyst Ratings Changes

Separately, Macquarie lowered shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Mitsubishi Trading Up 0.3 %

The company’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $18.02. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. The company has a market cap of $68.00 billion, a price-to-earnings ratio of 9.88 and a beta of 0.63.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 6th. The company reported $0.35 earnings per share for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. Research analysts expect that Mitsubishi Co. will post 1.6 earnings per share for the current 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.