Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $29.75, but opened at $27.80. Mitsubishi Heavy Industries shares last traded at $31.45, with a volume of 447 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mitsubishi Heavy Industries has an average rating of “Hold”.

Mitsubishi Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.27. The stock has a market cap of $100.37 billion, a PE ratio of 59.50 and a beta of 0.48. The business has a 50 day moving average price of $26.50 and a two-hundred day moving average price of $26.33.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations 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 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.