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

Mitsubishi Corp. (OTCMKTS:MSBHF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $37.52 and last traded at $36.87, with a volume of 11194 shares trading hands. The stock had previously closed at $34.05.

Mitsubishi Stock Performance

The business has a 50 day moving average of $33.19 and a 200 day moving average of $28.50. The company has a market capitalization of $136.64 billion, a P/E ratio of 26.53 and a beta of 0.47. 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 announced its quarterly earnings results on Friday, May 1st. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Mitsubishi had a return on equity of 8.11% and a net margin of 4.23%.The company had revenue of $32.97 billion during the quarter, compared to analyst estimates of $22.88 billion.

About Mitsubishi

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.