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

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.65 and last traded at $26.65, with a volume of 2510 shares. The stock had previously closed at $25.47.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MHVYF. UBS Group cut 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 Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.

Mitsubishi Heavy Industries Stock Up 0.9%

The business's 50 day moving average is $22.24 and its 200 day moving average is $17.82. The company has a market capitalization of $84.09 billion, a price-to-earnings ratio of 51.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.91 and a current ratio of 1.24.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07). The company had revenue of $9.86 billion during the quarter, compared to analysts' expectations of $10.42 billion. Mitsubishi Heavy Industries had a return on equity of 10.01% and a net margin of 4.87%.

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.