Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Trading Down 4.2% – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price fell 4.2% during trading on Wednesday . The stock traded as low as $25.10 and last traded at $25.20. 1,841 shares were traded during mid-day trading, a decline of 97% from the average session volume of 59,091 shares. The stock had previously closed at $26.2950.

Mitsubishi Heavy Industries Stock Performance

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 business has a 50 day moving average price of $27.52 and a 200 day moving average price of $25.77. The stock has a market capitalization of $84.88 billion, a PE ratio of 50.32 and a beta of 0.53.

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). The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.04% and a net margin of 4.63%.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.