Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 52-Week High – Time to Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.78 and last traded at $32.19, with a volume of 4971 shares changing hands. The stock had previously closed at $30.00.

Analysts Set New Price Targets

Separately, Zacks Research cut Mitsubishi Heavy Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued 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 Stock Performance

The firm has a market capitalization of $109.07 billion, a price-to-earnings ratio of 57.73 and a beta of 0.47. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $27.36 and its two-hundred day moving average is $26.86.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 11.07%. The company had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.86 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.