Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 1-Year High – Here’s Why

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYFGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $25.31 and last traded at $24.80, with a volume of 105590 shares traded. The stock had previously closed at $24.71.

Wall Street Analyst Weigh In

MHVYF has been the topic of a number of research analyst reports. UBS Group downgraded shares of Mitsubishi Heavy Industries from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th.

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Mitsubishi Heavy Industries Stock Performance

The stock has a market cap of $83.65 billion, a PE ratio of 51.66 and a beta of 0.52. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $20.32 and its 200-day moving average price is $16.95.

Mitsubishi Heavy Industries (OTCMKTS:MHVYFGet Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $10.42 billion. Mitsubishi Heavy Industries had a net margin of 5.17% and a return on equity of 10.66%.

Mitsubishi Heavy Industries Company Profile

(Get Free Report)

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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