Mitsubishi (OTCMKTS:MSBHY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHY)’s share price crossed above its 50-day moving average during trading on Tuesday . 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 trading hands.

Analyst Ratings Changes

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

Mitsubishi Stock Performance

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

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.