Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Still a Buy?

by · The Markets Daily

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) shares gapped up prior to trading on Thursday. The stock had previously closed at $23.63, but opened at $25.9299. Mitsubishi Heavy Industries shares last traded at $23.50, with a volume of 514 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. UBS Group upgraded Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

View Our Latest Stock Analysis on MHVYF

Mitsubishi Heavy Industries Stock Down 0.7%

The firm has a market cap of $79.28 billion, a price-to-earnings ratio of 30.92 and a beta of 0.52. The business’s 50-day moving average is $24.71 and its 200-day moving average is $25.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.26.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.09 billion. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 12.97%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $28,000.

About Mitsubishi Heavy Industries

(Get Free Report)

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.

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