Mitsubishi UFJ Financial Group Stock Falls On Unusually High Volume (MTU)
Mitsubishi UFJ Financial Group (NYSE:MTU) is trading at unusually high volume Tuesday with 16.3 million shares changing hands. It is currently at 8.9 times its average daily volume and trading down 9 cents (-2.1%).
NEW YORK ( TheStreet) -- Mitsubishi UFJ Financial Group (NYSE: MTU) is trading at unusually high volume Tuesday with 16.3 million shares changing hands. It is currently at 8.9 times its average daily volume and trading down 9 cents (-2.1%) at $4.27 as of 11:08 a.m. ET. Mitsubishi UFJ Financial Group has a market cap of $62.38 billion and is part of the financial sector and banking industry. Shares are down 18.5% year to date as of the close of trading on Monday. Mitsubishi UFJ Financial Group, Inc., together with its subsidiaries, provides various financial services to individual and corporate customers in Japan and internationally. Its Integrated Retail Banking Business Group comprises commercial banking, trust banking, and securities businesses. The company has a P/E ratio of 30.6, above the average banking industry P/E ratio of 5.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Mitsubishi UFJ Financial Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.