Mitsubishi (OTCMKTS:MSBHF) Stock Price Up 1.6% – Should You Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price rose 1.6% during trading on Tuesday . The company traded as high as $21.90 and last traded at $21.85. Approximately 15,508 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 13,759 shares. The stock had previously closed at $21.50.

Mitsubishi Stock Up 1.6%

The stock’s fifty day moving average price is $20.06 and its 200 day moving average price is $18.66. The stock has a market cap of $86.88 billion, a P/E ratio of 16.07 and a beta of 0.58. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $29.27 billion for the quarter, compared to analyst estimates of $30.24 billion. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%. As a group, research analysts forecast that Mitsubishi Corp. 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.