Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 12-Month High - What's Next?

Key Points

• Mitsubishi Heavy Industries shares reached a 12-month high of $30.95 during trading, significantly up from a close of $28.59.
• The company reported earnings per share (EPS) of $0.14 for the last quarter, exceeding the consensus estimate of $0.12.
• Mitsubishi Heavy Industries has a market capitalization of $99.52 billion and a debt-to-equity ratio of 0.31.

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $30.95 and last traded at $30.95, with a volume of 3332 shares traded. The stock had previously closed at $28.59.

Mitsubishi Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 0.88. The stock's 50-day simple moving average is $26.18 and its 200 day simple moving average is $23.43. The stock has a market capitalization of $99.52 billion, a P/E ratio of 59.00 and a beta of 0.52.

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

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.

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.