Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.
Mitsubishi Heavy Industries Trading Down 1.9%
Shares of MHVYF stock traded down $0.58 during mid-day trading on Wednesday, hitting $29.18. The company’s stock had a trading volume of 2,286 shares, compared to its average volume of 35,716. The company’s fifty day simple moving average is $26.46 and its 200-day simple moving average is $26.25. The company has a market cap of $98.43 billion, a PE ratio of 58.35 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.27. Mitsubishi Heavy Industries has a 52 week low of $12.20 and a 52 week high of $32.05.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) last announced 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 firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $1,282.47 billion. Mitsubishi Heavy Industries had a net margin of 4.63% and a return on equity of 10.04%.
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.
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