Mitsubishi UFJ Financial Group Inc (MTU) : Analyst Rating Update

Mitsubishi UFJ Financial Group Inc (MTU) : Zacks Investment Research ranks Mitsubishi UFJ Financial Group Inc (MTU) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU): The stock opened at $4.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.29 for the day. The stock traded down to $4.16 during the day, due to lack of any buying support eventually closed down at $4.28 with a loss of -0.23% for the day. The stock had closed at $4.29 on the previous day. The total traded volume was 2,690,050 shares.

The company shares have dropped -37.00% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $7.53 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $4.73 and the 200 Day Moving Average price is recorded at $4.88.

Mitsubishi UFJ Financial Group, Inc. (MUFJ) is a bank holding company. The Company is a bank holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS), Mitsubishi UFJ NICOS Co., Ltd., and other companies engaged in a range of financial businesses. Its operating segments include Integrated Retail Banking Business Group, which covers retail businesses, including commercial banking, trust banking and securities businesses, and offers a range of banking products and services; Integrated Corporate Banking Business Group, which covers domestic corporate businesses, including commercial banking, investment banking, trust banking and securities businesses, and Integrated Trust Assets Business Group, which covers asset management and administration services for products, such as pension trusts and security trusts.

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