Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 52-Week Low - Here's Why

Key Points

• Mitsubishi Heavy Industries shares hit a new 52-week low, falling to $20.34 intraday and last trading at $20.90, down from the previous close of $21.30.
• Despite the stock’s decline, analysts maintain a consensus Buy rating; UBS upgraded the shares to Strong Buy, while Bernstein initiated coverage with an Outperform rating.
• The company’s latest quarterly results beat expectations, with earnings of $0.24 per share versus $0.15 forecast and revenue of $7.34 billion versus $7.09 billion expected.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $20.34 and last traded at $20.90, with a volume of 2,352 shares changing hands. The stock had previously closed at $21.30.

Analyst Ratings Changes

MHVYF has been the topic of a number of analyst reports. UBS Group raised Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Sanford C. Bernstein started coverage on Mitsubishi Heavy Industries in a research report on Tuesday, September 15th. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Mitsubishi Heavy Industries Price Performance

The stock's fifty day moving average price is $24.03 and its 200-day moving average price is $26.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.26. The firm has a market cap of $70.24 billion, a PE ratio of 27.40 and a beta of 0.52.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.09. The business had revenue of $7.34 billion for the quarter, compared to analysts' expectations of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial engineering and manufacturing company that develops and supplies large-scale equipment, systems and infrastructure for customers around the world. Its operations span energy, industrial machinery, infrastructure, transportation, aerospace and defense.

The company provides gas turbines, steam turbines, boilers, power-generation systems and carbon-reduction technologies, as well as machinery and systems used in factories, logistics operations and environmental applications.

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