Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 4.2% – Here’s What Happened

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price dropped 4.2% on Wednesday . The company traded as low as $25.10 and last traded at $25.20. Approximately 1,841 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 59,091 shares. The stock had previously closed at $26.2950.

Mitsubishi Heavy Industries Stock Down 2.3%

The company’s 50 day simple moving average is $27.52 and its 200-day simple moving average is $25.77. 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 firm has a market cap of $84.88 billion, a P/E ratio of 50.32 and a beta of 0.53.

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

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.