Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Still a Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $27.93, but opened at $30.00. Mitsubishi Heavy Industries shares last traded at $30.99, with a volume of 1,708 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Mitsubishi Heavy Industries Stock Down 2.0%

The stock has a market cap of $95.52 billion, a price-to-earnings ratio of 50.56 and a beta of 0.54. The business’s 50 day moving average is $30.41 and its 200-day moving average is $28.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.86 billion. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%.

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.