Mitsubishi (OTCMKTS:MSBHF) Shares Down 1.3% – Should You Sell?

Mitsubishi Co. (OTCMKTS:MSBHF)’s stock price was down 1.3% on Monday . The stock traded as low as $18.42 and last traded at $18.65. Approximately 31,420 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 39,899 shares. The stock had previously closed at $18.90.

Analysts Set New Price Targets

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

Mitsubishi Trading Down 2.4 %

The stock’s 50 day simple moving average is $16.77 and its 200 day simple moving average is $17.68. The firm has a market cap of $73.20 billion, a PE ratio of 10.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46.

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

About Mitsubishi

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.