Mitsubishi (OTCMKTS:MSBHY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Mitsubishi Co. (OTCMKTS:MSBHY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Mitsubishi Stock Performance

The stock’s 50-day moving average price is $40.23 and its 200-day moving average price is $40.23. The company has a current ratio of 1.33, a quick ratio of 1.06 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $29.89 billion and a P/E ratio of 8.65.

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.