Mitsubishi (OTCMKTS:MSBHF) Hits New 52-Week High – What’s Next?

Mitsubishi Corp. (OTCMKTS:MSBHF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.54 and last traded at $33.9580, with a volume of 822 shares. The stock had previously closed at $33.05.

Wall Street Analysts Forecast Growth

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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mitsubishi currently has an average rating of “Hold”.

Mitsubishi Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.36. The stock’s 50-day moving average is $27.31 and its two-hundred day moving average is $24.82. The stock has a market cap of $136.01 billion, a PE ratio of 26.93 and a beta of 0.64.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $27.57 billion. On average, equities analysts predict that Mitsubishi Corp. will post 1.6 earnings per share for the current 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.