Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Time to Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $23.50, but opened at $25.00. Mitsubishi Heavy Industries shares last traded at $24.0050, with a volume of 954 shares trading hands.

Mitsubishi Heavy Industries Price Performance

The company has a fifty day moving average of $26.46 and a 200-day moving average of $28.06. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The stock has a market cap of $81.84 billion, a PE ratio of 37.32 and a beta of 0.47.

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

Hedge Funds Weigh In On Mitsubishi Heavy Industries

An institutional investor recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new stake in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.