Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Stock Price Down 6% - Here's What Happened

Key Points

• Shares fell 6% to $27.975 on Tuesday with just 1,441 shares traded—about 96% below the average session volume—indicating very thin trading.
• Zacks upgraded the stock from "strong sell" to "hold," and the company carries an average analyst rating of "Hold" from two analysts.
• Mitsubishi Heavy reported quarterly EPS of $0.19 (vs. $0.13 expected) but revenue of $7.74B missed the $7.86B estimate; the stock trades at a P/E of 52.25 with a market cap of $98.71 billion.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price fell 6% during trading on Tuesday . The stock traded as low as $27.9750 and last traded at $27.9750. 1,441 shares traded hands during trading, a decline of 96% from the average session volume of 40,614 shares. The stock had previously closed at $29.75.

Analyst Ratings Changes

Separately, Zacks Research upgraded Mitsubishi Heavy Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

Mitsubishi Heavy Industries Stock Performance

The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The company's fifty day moving average is $30.74 and its 200 day moving average is $28.11. The company has a market cap of $98.71 billion, a P/E ratio of 52.25 and a beta of 0.47.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate 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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