Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $21.90, but opened at $24.85. Mitsubishi Heavy Industries shares last traded at $23.96, with a volume of 35,104 shares traded.
Wall Street Analysts Forecast Growth
Separately, UBS Group lowered shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, May 21st.
Read Our Latest Report on Mitsubishi Heavy Industries
Mitsubishi Heavy Industries Stock Performance
The stock's 50-day moving average is $23.26 and its 200-day moving average is $18.71. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 52.08 and a beta of 0.55. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 0.34.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). Mitsubishi Heavy Industries had a net margin of 4.87% and a return on equity of 10.01%. The business had revenue of $9.86 billion for the quarter, compared to analysts' expectations of $10.42 billion.
About Mitsubishi Heavy Industries
(
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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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