Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $24.75, but opened at $27.26. Mitsubishi Heavy Industries shares last traded at $26.82, with a volume of 2,421 shares traded.

Mitsubishi Heavy Industries Stock Up 3.1%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market capitalization of $92.77 billion, a P/E ratio of 55.00 and a beta of 0.48. The stock’s fifty day moving average is $26.50 and its two-hundred day moving average is $25.90.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $1,282.47 billion. Mitsubishi Heavy Industries had a net margin of 4.63% and a return on equity of 10.04%.

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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