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

Mitsubishi Co. (OTCMKTS:MSBHF) fell 1.3% during trading on Monday . The stock traded as low as $18.42 and last traded at $18.65. 31,420 shares changed hands during trading, a decline of 21% from the average session volume of 39,899 shares. The stock had previously closed at $18.90.

Analysts Set New Price Targets

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

Mitsubishi Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46. The stock has a market cap of $74.16 billion, a P/E ratio of 10.78 and a beta of 0.63. The business’s 50-day moving average price is $16.71 and its 200-day moving average price is $17.68.

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

Mitsubishi Company Profile

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.