Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Time to Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $30.0260, but opened at $31.85. Mitsubishi Heavy Industries shares last traded at $31.85, with a volume of 2,071 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mitsubishi Heavy Industries has a consensus rating of “Hold”.

Mitsubishi Heavy Industries Stock Down 2.5%

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 firm’s 50 day moving average is $26.46 and its two-hundred day moving average is $26.25. The firm has a market capitalization of $97.84 billion, a P/E ratio of 58.00 and a beta of 0.48.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $1,282.47 billion.

Mitsubishi Heavy Industries Company Profile

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.