Mitsubishi (OTCMKTS:MSBHY) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHY)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $40.23 and traded as high as $40.25. Mitsubishi shares last traded at $40.23, with a volume of 8,200 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Macquarie cut Mitsubishi from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 7th.

Mitsubishi Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.06. The business has a fifty day moving average of $40.23 and a 200-day moving average of $40.23. The stock has a market capitalization of $29.89 billion and a price-to-earnings ratio of 8.65.

About Mitsubishi

Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials worldwide. The company's Global Environmental & Infrastructure Business segment conducts environmental and infrastructure projects, related trading operations, and other activities in power generation, water, transportation, and other infrastructure fields.