Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Trading 2.8% Higher - Here's Why

Key Points

• Mitsubishi Heavy Industries shares increased by 2.8% to $26.50 during trading, with a significant decline in trading volume compared to average levels.
• The company's quarterly earnings exceeded expectations, reporting $0.14 per share against an anticipated $0.12, along with revenue of $8.28 billion, surpassing the forecast of $8.22 billion.
• Mitsubishi Heavy Industries has a market capitalization of $89.40 billion and demonstrates strong financial ratios, including a net margin of 4.92% and a return on equity of 10.23%.

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) shot up 2.8% during trading on Monday . The company traded as high as $26.60 and last traded at $26.50. 6,275 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 32,684 shares. The stock had previously closed at $25.78.

Mitsubishi Heavy Industries Trading Up 2.8%

The firm has a market cap of $89.40 billion, a PE ratio of 53.00 and a beta of 0.58. 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 stock's 50 day simple moving average is $25.46 and its 200 day simple moving average is $22.41.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.22 billion.

Mitsubishi Heavy Industries Company Profile

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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