Mitsubishi (OTCMKTS:MSBHF) Shares Gap Up – Here’s What Happened

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $31.7250, but opened at $33.25. Mitsubishi shares last traded at $33.25, with a volume of 1,701 shares traded.

Wall Street Analyst Weigh In

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

Mitsubishi Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The business has a 50 day simple moving average of $29.26 and a 200-day simple moving average of $25.59. The firm has a market cap of $128.26 billion, a price-to-earnings ratio of 25.40 and a beta of 0.59.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $32.18 billion during the quarter, compared to the consensus estimate of $27.57 billion. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%. Equities research analysts expect that Mitsubishi Corp. will post 1.6 earnings per share for the current year.

About Mitsubishi

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.