Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07, Zacks reports. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%.
Mitsubishi Heavy Industries Trading Up 1.3%
Shares of Mitsubishi Heavy Industries stock traded up $0.37 on Tuesday, reaching $28.44. The company had a trading volume of 9,655 shares, compared to its average volume of 36,592. The firm has a market cap of $95.93 billion, a price-to-earnings ratio of 50.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.98. The firm’s 50-day moving average price is $29.72 and its two-hundred day moving average price is $28.80. Mitsubishi Heavy Industries has a 1 year low of $17.15 and a 1 year high of $34.50.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi Heavy Industries currently has a consensus rating of “Hold”.
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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