Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 12-Month High - Should You Buy?

Key Points

• Mitsubishi Heavy Industries reached a new 52-week high of $27.00 during trading, with the last price recorded at $26.40 and a trading volume of 163,480 shares.
• UBS Group downgraded the stock from a "strong-buy" to a "neutral" rating, indicating a shift in analyst sentiment.
• The company's recent earnings report showed $0.14 earnings per share, surpassing expectations and demonstrating a revenue of $8.28 billion for the quarter.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.00 and last traded at $26.40, with a volume of 163480 shares changing hands. The stock had previously closed at $26.40.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, May 21st.

Mitsubishi Heavy Industries Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $24.30 and its two-hundred day moving average price is $20.00. The company has a market cap of $90.14 billion, a P/E ratio of 53.44 and a beta of 0.58.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Mitsubishi Heavy Industries had a net margin of 4.92% and a return on equity of 10.40%. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.22 billion.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.