Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $24.90, but opened at $22.56. Mitsubishi Heavy Industries shares last traded at $22.56, with a volume of 427 shares traded.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. UBS Group raised shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein assumed coverage on shares of Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.
Read Our Latest Research Report on Mitsubishi Heavy Industries
Mitsubishi Heavy Industries Price Performance
Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new position in shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $28,000.
Mitsubishi Heavy Industries Company Profile
Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) is a Japan-based industrial company that develops and manufactures large-scale equipment, systems and infrastructure for customers worldwide. Its roots trace to the establishment of the Nagasaki Shipyard in 1884, while the modern company was formed in 1934 through the merger of Mitsubishi Shipbuilding and Mitsubishi Aircraft.
The company’s activities include power-generation equipment and energy systems, including gas turbines, steam turbines, nuclear-power technologies and related services.
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