Mitsubishi UFJ Financial Group, Inc. ADR (NYSE: MUFG) Dropped -0.97%, But Don’t Panic

Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) shares, rose in value, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $11.24.

Actively observing the price movement in the last trading, the stock closed the session at $11.35. The PE ratio was 12.96 over 12-month period. Referring to stock’s 52-week performance, its high was $11.48, and the low was $7.33. On the whole, MUFG has fluctuated by 14.34% over the past month.

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The company’s Forward Dividend Ratio is 0.27, with its dividend yield at 2.37%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MUFG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.98, with the price of MUFG currently trading nearly 3.89% and 7.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.54, while the 7-day volatility ratio is showing 1.10% which for the 30-day chart, stands at 0.97%. Furthermore, Mitsubishi UFJ Financial Group, Inc. ADR (MUFG)’s beta value is 0.65, and its average true range (ATR) is 0.18.

A comparison of Mitsubishi UFJ Financial Group, Inc. ADR (MUFG) with its peers suggests the former has fared considerably weaker in the market. MUFG showed an intraday change of -0.97% in last session, and over the past year, it grew by 45.60%%.

Data on historical trading for Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.98 million. According to company’s latest data on outstanding shares, there are 11.69 billion shares outstanding.

Nearly 0.02% of Mitsubishi UFJ Financial Group, Inc. ADR’s shares belong to company insiders and institutional investors own 7.06% of the company’s shares. The stock has risen by 30.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MUFG stock heading into the next quarter.

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