Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Raised to “Strong-Buy” at UBS Group

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Mitsubishi Heavy Industries Price Performance

MHVYF stock opened at $26.81 on Thursday. 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 firm has a market capitalization of $90.44 billion, a P/E ratio of 35.27 and a beta of 0.50. The business’s 50-day moving average is $23.93 and its two-hundred day moving average is $27.32. Mitsubishi Heavy Industries has a 1 year low of $20.59 and a 1 year high of $34.50.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Mitsubishi Heavy Industries had a return on equity of 13.20% and a net margin of 7.04%.The business had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.09 billion.

Institutional Inflows and Outflows

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

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.