Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 1-Year Low – Time to Sell?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $20.34 and last traded at $20.90, with a volume of 2,352 shares traded. The stock had previously closed at $21.30.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MHVYF shares. Sanford C. Bernstein began coverage on Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued 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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Mitsubishi Heavy Industries Stock Down 7.6%

The firm’s 50-day simple moving average is $23.81 and its 200 day simple moving average is $26.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.26. The stock has a market capitalization of $64.10 billion, a P/E ratio of 25.00 and a beta of 0.52.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.97% and a net margin of 7.04%.

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.