Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Should You Sell?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $12.07, but opened at $11.71. Mitsubishi UFJ Financial Group shares last traded at $11.71, with a volume of 400,575 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Friday.

Mitsubishi UFJ Financial Group Trading Down 3.2 %

The stock has a 50 day moving average of $10.59 and a 200-day moving average of $10.50. The company has a market capitalization of $136.16 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently modified their holdings of the company. Addison Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after purchasing an additional 2,546 shares in the last quarter. Family Firm Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter valued at approximately $53,000. Venturi Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after buying an additional 2,229 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 60.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after buying an additional 2,222 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth $68,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.