Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Up 8% – Still a Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) traded up 8% on Thursday . The stock traded as high as $31.00 and last traded at $30.95. 4,980 shares traded hands during trading, a decline of 86% from the average session volume of 35,600 shares. The stock had previously closed at $28.67.

Mitsubishi Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.27 and a quick ratio of 0.97. The company has a market cap of $99.15 billion, a price-to-earnings ratio of 58.78 and a beta of 0.48. The stock has a 50-day moving average price of $26.32 and a 200 day moving average price of $26.11.

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

About Mitsubishi Heavy Industries

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.