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

Shares of Mitsubishi Co. (OTCMKTS:MSBHY) passed below its 200-day moving average during trading on Wednesday . 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 changing hands.

Analyst Ratings Changes

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

Mitsubishi Stock Up 0.2 %

The firm’s 50-day moving average price is $40.23 and its 200 day moving average price is $40.23. The firm has a market capitalization 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.

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.