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

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $24.50, but opened at $26.90. Mitsubishi Heavy Industries shares last traded at $26.90, with a volume of 961 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MHVYF. UBS Group raised shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Sanford C. Bernstein assumed coverage on Mitsubishi Heavy Industries in a research report on Tuesday. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Mitsubishi Heavy Industries Stock Down 6.2%

The firm has a market cap of $80.12 billion, a price-to-earnings ratio of 31.25 and a beta of 0.51. The firm has a 50 day moving average of $24.71 and a 200 day moving average of $26.21. The company has a quick ratio of 1.03, a current ratio of 1.26 and a debt-to-equity ratio of 0.17.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The firm had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. purchased a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $28,000.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial group that develops and supplies large-scale equipment, systems and engineering services for customers worldwide. Its businesses support energy, infrastructure, transportation, aerospace and defense applications.

The company’s products and services include gas turbines, steam turbines, boilers, power-generation systems, carbon-management and other energy technologies. Mitsubishi Heavy Industries also provides machinery and systems for chemical plants, environmental facilities, logistics and transportation, including material-handling equipment and air-conditioning systems.

In aerospace and defense, the group is involved in commercial aircraft components, launch vehicles, space systems, missile and naval equipment, and other defense-related products.