Mitsubishi (OTCMKTS:MSBHY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.23 and traded as low as $39.30. Mitsubishi shares last traded at $40.23, with a volume of 8,200 shares.

Wall Street Analysts Forecast Growth

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

Mitsubishi Trading Up 0.2 %

The company has a market capitalization of $29.89 billion and a P/E 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. The stock’s 50 day moving average is $40.23 and its 200-day moving average is $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.