Mitsubishi (OTCMKTS:MSBHF) Hits New 52-Week High - Should You Buy?

Key Points

• Mitsubishi Corp. shares reached a new 52-week high at $24.33, closing at $23.91 with a trading volume of 35,246 shares.
• Analysts from Zacks Research downgraded Mitsubishi's rating from "strong-buy" to "hold", reflecting a cautious outlook on the stock.
• The company reported earnings of $0.36 per share, matching estimates, but fell short on revenue with $29.27 billion compared to the consensus of $30.24 billion.

Mitsubishi Corp. (OTCMKTS:MSBHF - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $24.33 and last traded at $23.91, with a volume of 35246 shares. The stock had previously closed at $23.38.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Mitsubishi from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Mitsubishi Trading Up 2.1%

The company has a market cap of $96.35 billion, a price-to-earnings ratio of 17.82 and a beta of 0.62. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.36. The company's 50-day moving average is $21.30 and its 200 day moving average is $19.69.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $29.27 billion for the quarter, compared to analyst estimates of $30.24 billion. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%. Research analysts predict that Mitsubishi Corp. will post 1.6 EPS for the current year.

Mitsubishi Company Profile

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.