Mitsubishi (OTCMKTS:MSBHF) Sees Strong Trading Volume – Still a Buy?

Shares of Mitsubishi Corp. (OTCMKTS:MSBHF) saw an uptick in trading volume on Tuesday . 47,952 shares were traded during mid-day trading, an increase of 268% from the previous session’s volume of 13,017 shares.The stock last traded at $32.70 and had previously closed at $32.3550.

Analysts Set New Price Targets

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

Mitsubishi Price Performance

The company’s 50 day moving average price is $24.91 and its 200 day moving average price is $23.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.44. The company has a market cap of $133.72 billion, a price-to-earnings ratio of 26.48 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, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $32.18 billion during the quarter, compared to analysts’ expectations of $27.57 billion. Mitsubishi had a net margin of 3.99% and a return on equity of 7.36%. On average, equities research analysts predict that Mitsubishi Corp. will post 1.6 earnings per share 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.