Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $23.7750, but opened at $22.51. Mitsubishi Heavy Industries shares last traded at $22.51, with a volume of 3,684 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MHVYF. UBS Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Sanford C. Bernstein initiated coverage on shares of Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One research 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’s stock. According to data from MarketBeat.com, Mitsubishi Heavy Industries presently has an average rating of “Buy”.
Read Our Latest Research Report on Mitsubishi Heavy Industries
Mitsubishi Heavy Industries Stock Performance
The firm has a market cap of $79.72 billion, a PE ratio of 31.73 and a beta of 0.52. The company has a 50 day simple moving average of $24.77 and a 200-day simple moving average of $25.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. The firm had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.09 billion. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 12.97%.
Hedge Funds Weigh In On Mitsubishi Heavy Industries
An institutional investor recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. purchased a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the company’s stock, valued at approximately $28,000.
Mitsubishi Heavy Industries Company Profile
Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial engineering and manufacturing company that develops and supplies large-scale equipment, systems and infrastructure for customers around the world. Its operations span energy, industrial machinery, infrastructure, transportation, aerospace and defense.
The company provides gas turbines, steam turbines, boilers, power-generation systems and carbon-reduction technologies, as well as machinery and systems used in factories, logistics operations and environmental applications.
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