Mitsubishi (OTCMKTS:MSBHF) Reaches New 1-Year High – Time to Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $35.80 and last traded at $35.3680, with a volume of 15476 shares trading hands. The stock had previously closed at $34.8760.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of Mitsubishi in a report on Tuesday, January 6th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi currently has a consensus rating of “Hold”.

Mitsubishi Stock Up 1.4%

The firm has a market capitalization of $140.64 billion, a price-to-earnings ratio of 27.85 and a beta of 0.59. The business has a 50 day moving average of $31.53 and a 200 day moving average of $26.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.06.

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