Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down - Time to Sell?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.54, but opened at $12.24. Mitsubishi UFJ Financial Group shares last traded at $12.23, with a volume of 125,560 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Performance

The company has a 50 day simple moving average of $11.85 and a 200-day simple moving average of $11.02. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market cap of $146.32 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock valued at $54,000 after acquiring an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $71,000. Eagle Bay Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock worth $118,000 after purchasing an additional 858 shares during the last quarter. Finally, Veracity Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $118,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.