Mitsubishi (OTCMKTS:MSBHY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Mitsubishi Co. (OTCMKTS:MSBHY) passed above its 50-day moving average during trading on Wednesday . 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 Upgrades and Downgrades

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

Mitsubishi Trading Up 0.2 %

The firm has a market cap of $29.89 billion and a price-to-earnings ratio of 8.65. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $40.23 and a 200-day moving average price of $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.