Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 52-Week High - Here's Why

Key Points

• Mitsubishi Heavy Industries achieved a new 52-week high with its stock price reaching $29.20, showcasing a significant increase from the previous close of $28.19.
• The company's earnings results indicated an EPS of $0.14, surpassing analyst expectations, and it reported revenue of $8.28 billion, above the consensus estimate of $8.22 billion.
• Mitsubishi Heavy Industries has a market capitalization of $97.41 billion and a P/E ratio of 57.75, indicating strong investor confidence and valuation in the company.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $29.20 and last traded at $29.20, with a volume of 3749 shares. The stock had previously closed at $28.19.

Mitsubishi Heavy Industries Stock Up 2.4%

The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $26.01 and a 200 day simple moving average of $23.09. The firm has a market capitalization of $97.41 billion, a P/E ratio of 57.75 and a beta of 0.52.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Mitsubishi Heavy Industries had a return on equity of 10.23% and a net margin of 4.92%.The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.22 billion.

About Mitsubishi Heavy Industries

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.

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