Mitsubishi (OTCMKTS:MSBHY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Mitsubishi Co. (OTCMKTS:MSBHY)’s share price crossed above its 50 day moving average during trading on Friday . 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 research note on Tuesday, January 7th.

Mitsubishi Price Performance

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 firm’s 50-day moving average is $40.23 and its two-hundred day moving average is $40.23. The company has a market cap of $29.89 billion and a P/E ratio of 8.65.

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.