Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $24.30, but opened at $23.10. Mitsubishi Heavy Industries shares last traded at $23.35, with a volume of 29,425 shares.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group cut Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research note on Wednesday, May 21st.
Check Out Our Latest Report on MHVYF
Mitsubishi Heavy Industries Stock Performance
The stock has a 50-day moving average price of $21.01 and a 200 day moving average price of $17.19. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $78.27 billion, a price-to-earnings ratio of 48.33 and a beta of 0.52.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last issued 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). Mitsubishi Heavy Industries had a return on equity of 10.01% and a net margin of 4.87%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $10.42 billion.
Mitsubishi Heavy Industries Company Profile
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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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