Mitsubishi (OTCMKTS:MSBHY) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Mitsubishi Co. (OTCMKTS:MSBHY) crossed above its 50-day moving average during trading on Wednesday . 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 traded.

Analysts Set New Price Targets

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

Mitsubishi Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.06 and a current ratio of 1.33. The company has a 50 day moving average price of $40.23 and a 200 day moving average price of $40.23. The company has a market capitalization of $29.89 billion and a PE ratio of 8.65.

About Mitsubishi

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.