Mitsubishi UFJ Financial Group Reaches New 52-Week High (MTU)

NEW YORK ( TheStreet) -- Mitsubishi UFJ Financial Group (NYSE: MTU) hit a new 52-week high Monday as it is currently trading at $5.30, above its previous 52-week high of $5.29 with 273,162 shares traded as of 10:55 a.m. ET. Average volume has been two million shares over the past 30 days.

Mitsubishi UFJ Financial Group has a market cap of $64.92 billion and is part of the financial sector and banking industry. Shares are up 24.6% year to date as of the close of trading on Friday.

Mitsubishi UFJ Financial Group, Inc., together with its subsidiaries, provides various financial services to individual and corporate customers in Japan and internationally. Its Integrated Retail Banking Business Group comprises commercial banking, trust banking, and securities businesses. The company has a P/E ratio of 30.6, above the average banking industry P/E ratio of 5.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Mitsubishi UFJ Financial Group Ratings Report.

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