Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up - Should You Buy?

Key Points

• Mitsubishi Heavy Industries (MHVYF) shares opened at $28.65, up from a previous close of $27.20, indicating a positive movement before market opening.
• The company reported a quarterly earnings per share of $0.14, exceeding analysts' expectations of $0.12, with revenues of $8.28 billion.
• Mitsubishi Heavy Industries has a market capitalization of $96.66 billion and a PE ratio of 57.30, reflecting its financial performance metrics.

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $27.20, but opened at $28.65. Mitsubishi Heavy Industries shares last traded at $28.65, with a volume of 4,003 shares.

Mitsubishi Heavy Industries Stock Performance

The firm's 50-day simple moving average is $25.98 and its 200-day simple moving average is $23.01. The company has a market capitalization of $96.66 billion, a PE ratio of 57.30 and a beta of 0.52. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31.

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 for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $8.28 billion during the quarter, compared to analysts' expectations of $8.22 billion. Mitsubishi Heavy Industries had a net margin of 4.92% and a return on equity of 10.23%.

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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