Mitsubishi (OTCMKTS:MSBHF) Hits New 12-Month High – What’s Next?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price hit a new 52-week high on Monday . The company traded as high as $32.00 and last traded at $31.75, with a volume of 3601 shares. The stock had previously closed at $31.30.

Wall Street Analysts Forecast Growth

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

Mitsubishi Stock Up 3.2%

The firm has a 50-day moving average price of $24.74 and a two-hundred day moving average price of $23.63. The company has a market capitalization of $128.44 billion, a P/E ratio of 25.43 and a beta of 0.64. The company has a quick ratio of 1.13, a current ratio of 1.44 and a debt-to-equity ratio of 0.38.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) 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 7.36%. The business had revenue of $32.18 billion for the quarter, compared to analyst estimates of $27.57 billion. Equities research analysts anticipate that Mitsubishi Corp. will post 1.6 EPS 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.