Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 52-Week High - Still a Buy?

Key Points

• Mitsubishi Heavy Industries' shares reached a new 52-week high of $26.73, with a volume of 932 shares traded.
• UBS Group downgraded the stock from a "strong-buy" rating to a "neutral" rating, indicating concerns about future performance.
• The company reported a net margin of 4.87% and a return on equity of 10.01%, but missed earnings expectations for the latest quarter.

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $26.73 and last traded at $26.73, with a volume of 932 shares. The stock had previously closed at $25.48.

Wall Street Analysts Forecast Growth

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

Mitsubishi Heavy Industries Stock Up 5.3%

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 stock has a market capitalization of $90.52 billion, a P/E ratio of 55.90 and a beta of 0.58. The business has a 50-day moving average price of $23.77 and a 200 day moving average price of $19.33.

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

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.

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