Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 52-Week High – Here’s What Happened

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $27.00 and last traded at $26.40, with a volume of 163480 shares traded. The stock had previously closed at $26.40.

Analyst Upgrades and Downgrades

Separately, UBS Group cut Mitsubishi Heavy Industries from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, May 21st.

Mitsubishi Heavy Industries Stock Up 0.8%

The company has a market capitalization of $92.78 billion, a P/E ratio of 55.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.24 and a quick ratio of 0.91. The company has a 50 day moving average of $24.19 and a 200-day moving average of $19.83.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Mitsubishi Heavy Industries had a return on equity of 10.40% and a net margin of 4.92%. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.22 billion.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.