Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down - Time to Sell?

Key Points

• Mitsubishi Heavy Industries shares gapped down from $25.90 to $25.15 at market open, last trading at $26.00 with a volume of 5,748 shares.
• UBS Group downgraded Mitsubishi Heavy Industries from a "strong-buy" to a "neutral" rating, with the stock currently holding an average rating of "Buy" from analysts.
• The company recently reported quarterly earnings of $0.14 per share, surpassing estimates, with revenue of $8.28 billion, up from an expected $8.22 billion.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $25.90, but opened at $25.15. Mitsubishi Heavy Industries shares last traded at $26.00, with a volume of 5,748 shares traded.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Mitsubishi Heavy Industries currently has an average rating of "Buy".

Mitsubishi Heavy Industries Trading Up 1.4%

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 business's 50-day simple moving average is $24.75 and its two-hundred day simple moving average is $21.39. The stock has a market capitalization of $88.56 billion, a price-to-earnings ratio of 52.50 and a beta of 0.58.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last announced 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. 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 the consensus estimate of $8.22 billion.

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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