Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 12-Month High – Here’s What Happened

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $59,000.00 and last traded at $59,000.00, with a volume of 61 shares changing hands. The stock had previously closed at $29.30.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Mitsubishi Heavy Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mitsubishi Heavy Industries currently has an average rating of “Hold”.

Mitsubishi Heavy Industries Stock Up 201,265.2%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.27 and a quick ratio of 0.97. The company has a market capitalization of $199.05 trillion, a price-to-earnings ratio of 118,000.00 and a beta of 0.48. The firm’s 50-day simple moving average is $26.96 and its two-hundred day simple moving average is $26.63.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last released its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.04% and a net margin of 4.63%.

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.