Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares gapped up prior to trading on Monday . The stock had previously closed at $28.23, but opened at $30.52. Mitsubishi Heavy Industries shares last traded at $28.50, with a volume of 1,286 shares trading hands.

Mitsubishi Heavy Industries Stock Performance

The stock has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $25.98. The stock has a market cap of $96.57 billion, a P/E ratio of 57.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.04% and a net margin of 4.63%.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate engaged in the design, manufacture and servicing of large-scale capital equipment and systems. The company’s activities span shipbuilding and marine propulsion; power and energy systems including gas turbines, boilers and related power-plant equipment; and industrial machinery for sectors ranging from chemicals and manufacturing to environmental control. MHI also supplies heating, ventilation and air-conditioning systems and other building-related equipment for commercial and industrial customers.

In addition to its heavy engineering businesses, Mitsubishi Heavy Industries is a major participant in aerospace, space and defense markets.