Mitsubishi (OTCMKTS:MSBHF) Hits New 52-Week High – Still a Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.54 and last traded at $33.9580, with a volume of 822 shares changing hands. The stock had previously closed at $33.05.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Mitsubishi in a research report on Tuesday, January 6th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Mitsubishi presently has a consensus rating of “Hold”.

Mitsubishi Trading Up 0.2%

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.13. The business’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $24.69. The stock has a market cap of $133.25 billion, a P/E ratio of 26.39 and a beta of 0.64.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $32.18 billion for the quarter, compared to analyst estimates of $27.57 billion. Mitsubishi had a return on equity of 7.36% and a net margin of 3.99%. On average, analysts expect 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.