Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Still a Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped up before the market opened on Tuesday . The stock had previously closed at $29.16, but opened at $31.8699. Mitsubishi Heavy Industries shares last traded at $31.8699, with a volume of 242 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Mitsubishi Heavy Industries Stock Up 0.5%

The business’s 50 day moving average is $29.95 and its 200-day moving average is $28.78. The stock has a market cap of $99.19 billion, a price-to-earnings ratio of 52.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.86 billion.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

A hedge fund recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new position in shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,000 shares of the company’s stock, valued at approximately $28,000.

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.