Zacks Research cut shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Free Report) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.
Mitsubishi Heavy Industries Trading Down 1.9%
OTCMKTS MHVYF traded down $0.58 during trading hours on Wednesday, hitting $29.18. 2,276 shares of the company’s stock were exchanged, compared to its average volume of 35,670. The business’s 50 day moving average is $26.46 and its 200-day moving average is $26.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.27. Mitsubishi Heavy Industries has a 12-month low of $12.20 and a 12-month high of $32.05. The firm has a market capitalization of $98.43 billion, a P/E ratio of 58.35 and a beta of 0.48.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Mitsubishi Heavy Industries had a return on equity of 10.04% and a net margin of 4.63%.The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $1,282.47 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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