Macquarie Downgrades Mitsubishi (OTCMKTS:MSBHF) to Hold

Mitsubishi (OTCMKTS:MSBHF) was downgraded by analysts at Macquarie from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Mitsubishi Price Performance

Shares of Mitsubishi stock opened at $15.88 on Tuesday. The business’s 50-day moving average price is $16.93 and its 200-day moving average price is $19.03. The firm has a market capitalization of $35.16 billion, a PE ratio of 10.53 and a beta of 0.64. Mitsubishi has a 12 month low of $15.25 and a 12 month high of $24.52. The company has a current ratio of 1.46, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33.

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.