Mitsubishi (OTCMKTS:MSBHF) Hits New 12-Month High – Here’s Why

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

Analyst Ratings Changes

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

Mitsubishi Stock Up 0.2%

The company has a market cap of $133.25 billion, a P/E ratio of 26.39 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. The firm has a fifty day moving average price of $26.88 and a 200 day moving average price of $24.69.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $27.57 billion. Equities research analysts forecast that Mitsubishi Corp. will post 1.6 earnings per share 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.