Mitsubishi (OTCMKTS:MSBHF) Stock Price Down 1.3% – Here’s Why

Mitsubishi Co. (OTCMKTS:MSBHF)’s share price was down 1.3% during mid-day trading on Monday . The company traded as low as $18.42 and last traded at $18.65. Approximately 31,420 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 39,899 shares. The stock had previously closed at $18.90.

Analyst Upgrades and Downgrades

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

Mitsubishi Stock Down 2.4 %

The stock’s 50 day moving average is $16.77 and its 200 day moving average is $17.68. The company has a market capitalization of $73.20 billion, a PE ratio of 10.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46.

Mitsubishi (OTCMKTS:MSBHF) last posted its earnings results on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. On average, sell-side analysts anticipate that Mitsubishi Co. will post 1.6 EPS for the current fiscal 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.