Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Trading Down 4.8% on Disappointing Earnings

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares were down 4.8% on Monday following a dissappointing earnings announcement. The stock traded as low as $28.50 and last traded at $28.65. Approximately 1,368 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 63,705 shares. The stock had previously closed at $30.11.

The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $1,282.47 billion. Mitsubishi Heavy Industries had a net margin of 4.92% and a return on equity of 10.23%.

Mitsubishi Heavy Industries Trading Down 1.5%

The stock has a market capitalization of $96.66 billion, a P/E ratio of 57.30 and a beta of 0.50. The business’s 50 day simple moving average is $27.12 and its 200-day simple moving average is $24.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 0.88.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.