Mitsubishi (OTCMKTS:MSBHY) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHY)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Mitsubishi Price Performance

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

Mitsubishi Company Profile

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.