Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 5.3% - Should You Sell?

Key Points

• Mitsubishi Heavy Industries' shares declined by 5.3% during trading, falling to a price of $28.43.
• The company reported earnings of $0.14 per share, exceeding analysts' expectations, with revenue of $8.28 billion for the quarter.
• Mitsubishi Heavy Industries has a market capitalization of $95.90 billion and exhibits a relatively low debt-to-equity ratio of 0.31.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) shares fell 5.3% during trading on Tuesday . The company traded as low as $28.00 and last traded at $28.43. 9,597 shares traded hands during trading, a decline of 71% from the average session volume of 32,747 shares. The stock had previously closed at $30.00.

Mitsubishi Heavy Industries Stock Down 5.3%

The business's 50 day moving average price is $26.16 and its 200-day moving average price is $23.40. 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 company has a market cap of $95.90 billion, a P/E ratio of 56.85 and a beta of 0.52.

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