Mitsubishi (OTCMKTS:MSBHF) Sets New 12-Month High – What’s Next?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price reached 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 trading hands. The stock had previously closed at $25.28.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Mitsubishi in a research report on Tuesday, January 6th. They set a “neutral” rating on the stock. Two 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 1.8%

The business has a fifty day simple moving average of $23.71 and a 200 day simple moving average of $22.79. The firm has a market cap of $103.62 billion, a price-to-earnings ratio of 21.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.13.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly 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 firm had revenue of $29.97 billion during the quarter, compared to analyst estimates of $27.73 billion. As a group, equities analysts forecast that Mitsubishi Corp. will post 1.6 EPS 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.