Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Climb 10.5% – Here’s Why

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price was up 10.5% on Thursday. The company traded as high as $22.74 and last traded at $22.74. Approximately 867 shares traded hands during trading, a decline of 97% from the average session volume of 27,059 shares. The stock had previously closed at $20.57.

Analyst Ratings Changes

MHVYF has been the topic of a number of research analyst reports. UBS Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein started coverage on Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Mitsubishi Heavy Industries currently has an average rating of “Buy”.

Mitsubishi Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $23.94 and a two-hundred day simple moving average of $26.49. The company has a market cap of $76.72 billion, a PE ratio of 29.92 and a beta of 0.52.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted 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. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%. The business had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.09 billion.

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.