Mitsubishi (OTCMKTS:MSBHF) Reaches New 12-Month High – Here’s What Happened

Mitsubishi Corp. (OTCMKTS:MSBHF) reached a new 52-week high on Tuesday . The company traded as high as $35.80 and last traded at $35.3680, with a volume of 15476 shares changing hands. The stock had previously closed at $34.8760.

Analyst Upgrades and Downgrades

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

Mitsubishi Trading Up 1.4%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The stock has a market cap of $140.64 billion, a P/E ratio of 27.85 and a beta of 0.59. The company has a 50-day simple moving average of $31.53 and a 200-day simple moving average of $26.57.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $27.57 billion. On average, sell-side analysts forecast that Mitsubishi Corp. will post 1.6 EPS 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.