Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Stock Price Up 6.3% – Time to Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) traded up 6.3% during trading on Tuesday . The stock traded as high as $24.80 and last traded at $24.80. 999 shares traded hands during trading, a decline of 97% from the average session volume of 35,210 shares. The stock had previously closed at $23.32.

Mitsubishi Heavy Industries Stock Performance

The stock has a market cap of $81.98 billion, a P/E ratio of 37.39 and a beta of 0.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $25.07 and its two-hundred day simple moving average is $27.84.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. Mitsubishi Heavy Industries had a net margin of 5.89% and a return on equity of 11.74%. The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.43 billion.

Hedge Funds Weigh In On Mitsubishi Heavy Industries

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

About Mitsubishi Heavy Industries

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.