Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 1-Year High - Here's Why

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $25.31 and last traded at $24.80, with a volume of 105590 shares traded. The stock had previously closed at $24.71.

Wall Street Analyst Weigh In

MHVYF has been the topic of a number of research analyst reports. UBS Group downgraded shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th.

Mitsubishi Heavy Industries Stock Performance

The stock has a market cap of $83.65 billion, a PE ratio of 51.66 and a beta of 0.52. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $20.32 and its 200-day moving average price is $16.95.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $10.42 billion. Mitsubishi Heavy Industries had a net margin of 5.17% and a return on equity of 10.66%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.