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

Mitsubishi Corp. (OTCMKTS:MSBHF) shares hit a new 52-week high during trading on Thursday . The company traded as high as $26.00 and last traded at $26.00, with a volume of 894 shares. The stock had previously closed at $25.28.

Analyst Upgrades and Downgrades

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

Mitsubishi Price Performance

The company has a market cap of $102.39 billion, a price-to-earnings ratio of 21.64 and a beta of 0.64. The stock’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $22.86. 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 posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $29.97 billion for the quarter, compared to analyst estimates of $27.73 billion. Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%. On average, 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.