Mitsubishi (OTCMKTS:MSBHF) Reaches New 12-Month High – Should You Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF) shares hit a new 52-week high during trading on Monday . The company traded as high as $27.06 and last traded at $26.73, with a volume of 773 shares trading hands. The stock had previously closed at $26.6970.

Wall Street Analysts Forecast Growth

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

Mitsubishi Trading Up 3.0%

The company has a fifty day simple moving average of $24.38 and a two-hundred day simple moving average of $23.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.13. The company has a market capitalization of $110.14 billion, a P/E ratio of 23.28 and a beta of 0.64.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The company had revenue of $29.97 billion for the quarter, compared to the consensus estimate of $27.73 billion. On average, analysts forecast 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.