Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down - Should You Sell?

Key Points

• Mitsubishi Heavy Industries shares opened sharply lower, falling from a prior close of $23.775 to $22.51, although the article notes the stock was later up 0.6%.
• Analyst sentiment remains positive: UBS upgraded the stock to “strong buy,” Bernstein initiated coverage with an “outperform” rating, and the consensus rating is “Buy.”
• The company exceeded quarterly expectations, reporting EPS of $0.24 versus $0.15 expected and revenue of $7.34 billion versus $7.09 billion forecast.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $23.7750, but opened at $22.51. Mitsubishi Heavy Industries shares last traded at $22.51, with a volume of 3,684 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of Mitsubishi Heavy Industries in a research report on Tuesday, September 15th. They set an "outperform" rating on the stock. UBS Group raised shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Mitsubishi Heavy Industries Stock Up 0.6%

The stock has a market cap of $80.61 billion, a P/E ratio of 31.44 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average is $24.84 and its 200 day moving average is $25.39.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. The company had revenue of $7.34 billion during the quarter, compared to analysts' expectations of $7.09 billion. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 12.97%.

Hedge Funds Weigh In On Mitsubishi Heavy Industries

An institutional investor recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new stake in shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,000 shares of the company's stock, valued at approximately $28,000.

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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