Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $22.64, but opened at $20.75. Mitsubishi Heavy Industries shares last traded at $22.10, with a volume of 4,408 shares trading hands.
Analyst Ratings Changes
Separately, UBS Group downgraded Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a report on Wednesday, May 21st.
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Mitsubishi Heavy Industries Stock Performance
The stock has a market capitalization of $73.71 billion, a P/E ratio of 45.52 and a beta of 0.55. The firm has a 50-day moving average of $22.66 and a 200 day moving average of $18.21. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.34.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company 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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