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

Key Points

• Shares gapped up, opening at $30.00 from a $27.93 close and last trading at $30.99 (volume ~1,708), putting the stock above its 200-day moving average and near its 50-day average.
• Zacks upgraded the stock from a "strong sell" to a "hold," and the consensus from two analysts is an overall Hold rating.
• Quarterly results showed an EPS beat ($0.19 vs. $0.13 expected) but a slight revenue miss ($7.74B vs. $7.86B), with the company trading at a P/E of 51.56 and a debt-to-equity of 0.25.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $27.93, but opened at $30.00. Mitsubishi Heavy Industries shares last traded at $30.99, with a volume of 1,708 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Mitsubishi Heavy Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Mitsubishi Heavy Industries Trading Up 3.4%

The business has a 50-day moving average of $30.58 and a 200-day moving average of $28.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market capitalization of $97.41 billion, a price-to-earnings ratio of 51.56 and a beta of 0.54.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%. The business had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.86 billion.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate engaged in the design, manufacture and servicing of large-scale capital equipment and systems. The company's activities span shipbuilding and marine propulsion; power and energy systems including gas turbines, boilers and related power-plant equipment; and industrial machinery for sectors ranging from chemicals and manufacturing to environmental control. MHI also supplies heating, ventilation and air-conditioning systems and other building-related equipment for commercial and industrial customers.

In addition to its heavy engineering businesses, Mitsubishi Heavy Industries is a major participant in aerospace, space and defense markets.

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