Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $24.50, but opened at $23.60. Mitsubishi Heavy Industries shares last traded at $23.60, with a volume of 2,407 shares changing hands.
Mitsubishi Heavy Industries Stock Performance
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 business has a 50-day moving average price of $24.19 and a 200 day moving average price of $27.77. The stock has a market capitalization of $78.77 billion, a P/E ratio of 35.92 and a beta of 0.48.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Mitsubishi Heavy Industries had a return on equity of 11.74% and a net margin of 5.89%.
Institutional Investors Weigh In On Mitsubishi Heavy Industries
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.
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