Mitsubishi (OTCMKTS:MSBHF) Hits New 12-Month High – Still a Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $35.06 and last traded at $34.1750, with a volume of 1975 shares changing hands. The stock had previously closed at $33.08.

Analyst Ratings Changes

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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Mitsubishi Stock Performance

The stock has a market cap of $135.89 billion, a P/E ratio of 26.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.06. The company has a fifty day moving average of $29.85 and a 200 day moving average of $25.87.

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, beating the consensus estimate of $0.37 by $0.06. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%.The company had revenue of $32.18 billion for the quarter, compared to analysts’ expectations of $27.57 billion. On average, equities analysts predict 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.