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

Key Points

• Mitsubishi Heavy Industries shares opened at $30.15, up from a previous close of $28.43, indicating investor interest ahead of its earnings report.
• The company reported earnings of $0.14 per share, surpassing analysts' expectations of $0.12, along with revenues of $8.28 billion for the quarter.
• Mitsubishi Heavy Industries has a market cap of $96.45 billion and a debt-to-equity ratio of 0.31, reflecting a stable financial structure.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $28.43, but opened at $30.15. Mitsubishi Heavy Industries shares last traded at $28.60, with a volume of 13,548 shares traded.

Mitsubishi Heavy Industries Stock Performance

The stock's fifty day moving average price is $26.16 and its two-hundred day moving average price is $23.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.22. The company has a market cap of $96.45 billion, a P/E ratio of 57.18 and a beta of 0.52.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping 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 the consensus estimate 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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