Mitsubishi (OTCMKTS:MSBHF) Hits New 52-Week High – Time to Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.1113 and last traded at $34.6350, with a volume of 14055 shares. The stock had previously closed at $34.2001.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Mitsubishi in a research note 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.com, Mitsubishi has an average rating of “Hold”.

Mitsubishi Trading Down 0.6%

The stock has a market cap of $138.68 billion, a PE ratio of 27.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The company has a 50 day moving average of $31.15 and a two-hundred day moving average of $26.37.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.43 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 7.43%. The company had revenue of $32.18 billion during the quarter, compared to analyst estimates of $27.57 billion. Sell-side analysts anticipate that Mitsubishi Corp. will post 1.6 earnings per share for the current fiscal year.

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.