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

Shares of Mitsubishi Co. (OTCMKTS:MSBHY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

Mitsubishi Trading Up 0.2 %

The firm’s fifty day moving average price is $40.23 and its 200-day moving average price is $40.23. The company has a market cap of $29.89 billion and a price-to-earnings ratio of 8.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.06.

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.