Mitsubishi (OTCMKTS:MSBHF) Reaches New 12-Month High – Time to Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $37.15 and last traded at $34.48, with a volume of 2465 shares changing hands. The stock had previously closed at $35.40.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Mitsubishi in a report on Tuesday, January 6th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Mitsubishi Stock Performance

The firm has a fifty day moving average of $32.63 and a 200-day moving average of $27.03. The firm has a market cap of $136.59 billion, a P/E ratio of 27.05 and a beta of 0.58. The company has a quick ratio of 1.06, a current ratio of 1.36 and a debt-to-equity ratio of 0.41.

Mitsubishi (OTCMKTS:MSBHF) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $32.18 billion for the quarter, compared to analysts’ expectations of $27.57 billion. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%. Research analysts predict that Mitsubishi Corp. will post 1.6 earnings per share for the current fiscal year.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.