Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped down prior to trading on Monday . The stock had previously closed at $29.75, but opened at $27.80. Mitsubishi Heavy Industries shares last traded at $31.45, with a volume of 447 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Mitsubishi Heavy Industries Trading Up 2.6%

The firm has a market capitalization of $100.37 billion, a PE ratio of 59.50 and a beta of 0.48. The firm has a 50 day simple moving average of $26.50 and a 200 day simple moving average of $26.33. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly 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 net margin of 4.63% and a return on equity of 10.04%. The business 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.