NEW YORK (

TheStreet

) --

Mitsubishi UFJ Financial Group

(NYSE:

MTU

) hit a new 52-week low Wednesday as it is currently trading at $4.31, below its previous 52-week low of $4.36 with 2.9 million shares traded as of 10:16 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Mitsubishi UFJ Financial Group has a market cap of $62.9 billion and is part of the

financial

sector and

banking

industry. Shares are down 18.3% year to date as of the close of trading on Tuesday.

Mitsubishi UFJ Financial Group, Inc., together with its subsidiaries, provides various financial services to individual and corporate customers in Japan and internationally. The company has a P/E ratio of 30.6, above the average banking industry P/E ratio of 11.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mitsubishi UFJ Financial Group as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Mitsubishi UFJ Financial Group Ratings Report

.

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