Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down – Here’s What Happened

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYFGet 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:MHVYFGet 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

An institutional investor recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. purchased a new stake in shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYFFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $28,000.

Mitsubishi Heavy Industries Company Profile

(Get Free Report)

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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