Mitsubishi (OTCMKTS:MSBHF) Hits New 1-Year High – Time to Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF) reached a new 52-week high on Monday . The company traded as high as $32.00 and last traded at $31.75, with a volume of 3601 shares trading hands. The stock had previously closed at $31.30.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on Mitsubishi in a report on Tuesday, January 6th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Mitsubishi Stock Up 3.2%

The company has a market cap of $128.44 billion, a P/E ratio of 25.43 and a beta of 0.64. The company has a quick ratio of 1.13, a current ratio of 1.44 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $24.74 and a 200 day moving average price of $23.63.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $32.18 billion for the quarter, compared to analyst estimates of $27.57 billion. Mitsubishi had a net margin of 3.99% and a return on equity of 7.36%. Equities research analysts forecast that Mitsubishi Corp. will post 1.6 earnings per share for the current 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.