MITSUBISHI CORP/S (OTCMKTS:MSBHY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of MITSUBISHI CORP/S (OTCMKTS:MSBHY) from a sell rating to a hold rating in a research 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 raised MITSUBISHI CORP/S from a sell rating to a hold rating in a report on Wednesday, October 2nd.

MSBHY stock traded up $0.98 during midday trading on Friday, hitting $52.67. 3,379 shares of the company’s stock were exchanged, compared to its average volume of 13,804. The stock has a market capitalization of $40.02 billion, a PE ratio of 7.80 and a beta of 0.80. The company has a current ratio of 1.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $49.93 and a two-hundred day simple moving average of $51.75. MITSUBISHI CORP/S has a 1-year low of $47.66 and a 1-year high of $59.30.

A hedge fund recently raised its stake in MITSUBISHI CORP/S stock. Lenox Wealth Management Inc. grew its holdings in shares of MITSUBISHI CORP/S (OTCMKTS:MSBHY) by 96.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,741 shares of the conglomerate’s stock after buying an additional 1,346 shares during the period. Lenox Wealth Management Inc.’s holdings in MITSUBISHI CORP/S were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.09% of the stock is currently owned by hedge funds and other institutional investors.

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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