Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 5.3% – Should You Sell?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) was down 5.3% during trading on Tuesday . The stock traded as low as $28.95 and last traded at $30.4650. Approximately 1,724 shares changed hands during trading, a decline of 94% from the average daily volume of 31,236 shares. The stock had previously closed at $32.1825.

Analyst Ratings Changes

Separately, Zacks Research raised Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mitsubishi Heavy Industries Trading Down 3.9%

The company has a market capitalization of $104.35 billion, a price-to-earnings ratio of 55.23 and a beta of 0.47. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $28.78 and a 200-day moving average of $27.46.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its earnings results on Wednesday, February 4th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.86 billion. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 11.07%.

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.