Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Up 9.7% – Here’s What Happened

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) shares rose 9.7% on Monday . The company traded as high as $24.30 and last traded at $24.30. Approximately 4,026 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 34,049 shares. The stock had previously closed at $22.15.

Mitsubishi Heavy Industries Stock Up 3.8%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.28. The stock’s 50 day moving average price is $25.72 and its 200-day moving average price is $27.97. The company has a market cap of $77.59 billion, a PE ratio of 35.39 and a beta of 0.47.

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Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.43 billion. Mitsubishi Heavy Industries had a net margin of 5.89% and a return on equity of 11.74%.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

A hedge fund recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. purchased a new position in shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $28,000.

About Mitsubishi Heavy Industries

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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.

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