MITSUBISHI CORP/S (OTCMKTS:MSBHY) Rating Increased to Hold at Zacks Investment Research

MITSUBISHI CORP/S (OTCMKTS:MSBHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Mitsubishi Corporation (MC) is Japan’s largest general trading company. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise. “

Separately, ValuEngine upgraded shares of MITSUBISHI CORP/S from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

MITSUBISHI CORP/S stock traded down $0.02 during midday trading on Friday, hitting $52.65. 2,500 shares of the company’s stock were exchanged, compared to its average volume of 13,752. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.29. MITSUBISHI CORP/S has a 12 month low of $47.66 and a 12 month high of $59.30. The firm has a 50-day moving average of $50.06 and a two-hundred day moving average of $51.74. The company has a market cap of $40.02 billion, a PE ratio of 7.80 and a beta of 0.80.

A hedge fund recently raised its stake in MITSUBISHI CORP/S stock. Lenox Wealth Management Inc. raised its position in shares of MITSUBISHI CORP/S (OTCMKTS:MSBHY) by 79.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,930 shares of the conglomerate’s stock after buying an additional 2,189 shares during the quarter. Lenox Wealth Management Inc.’s holdings in MITSUBISHI CORP/S were worth $242,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.09% of the company’s stock.

About MITSUBISHI CORP/S

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.

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