Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Here’s Why

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped up prior to trading on Wednesday . The stock had previously closed at $30.0260, but opened at $31.85. Mitsubishi Heavy Industries shares last traded at $31.85, with a volume of 2,071 shares trading hands.

Mitsubishi Heavy Industries Stock Up 1.2%

The stock has a market capitalization of $102.56 billion, a price-to-earnings ratio of 60.80 and a beta of 0.48. The firm has a 50-day moving average of $26.38 and a 200 day moving average of $26.19. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.09 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 analyst estimates of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.04% and a net margin of 4.63%.

Mitsubishi Heavy Industries Company Profile

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.