Mitsubishi (OTCMKTS:MSBHF) Shares Gap Down – What’s Next?

Mitsubishi Corp. (OTCMKTS:MSBHF) shares gapped down before the market opened on Friday . The stock had previously closed at $24.60, but opened at $23.25. Mitsubishi shares last traded at $24.35, with a volume of 278 shares.

Analyst Ratings Changes

Separately, Zacks Research lowered Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Mitsubishi Stock Down 3.3%

The company has a market capitalization of $94.61 billion, a price-to-earnings ratio of 19.99 and a beta of 0.63. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm’s 50 day simple moving average is $23.80 and its 200-day simple moving average is $22.04.

Mitsubishi (OTCMKTS:MSBHF) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Mitsubishi had a net margin of 3.86% and a return on equity of 6.94%. The firm had revenue of $29.97 billion during the quarter, compared to analysts’ expectations of $27.73 billion. On average, sell-side analysts anticipate that Mitsubishi Corp. will post 1.6 EPS for the current fiscal 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.