Mitsubishi (OTCMKTS:MSBHF – Get Free Report) issued its earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06, reports. Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The company had revenue of $32.18 billion for the quarter, compared to analyst estimates of $27.57 billion.
Mitsubishi Stock Performance
Shares of OTCMKTS MSBHF traded up $1.55 during trading on Thursday, reaching $29.25. 3,505 shares of the stock traded hands, compared to its average volume of 11,629. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.13. The stock has a market capitalization of $116.31 billion, a P/E ratio of 24.58 and a beta of 0.64. Mitsubishi has a 52-week low of $14.85 and a 52-week high of $29.50. The company has a 50-day moving average of $24.47 and a 200-day moving average of $23.46.
Analyst Ratings Changes
Separately, The Goldman Sachs Group initiated coverage on shares of Mitsubishi in a research note on Tuesday, January 6th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi has a consensus rating of “Hold”.
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.
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