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

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped up before the market opened on Tuesday . The stock had previously closed at $26.50, but opened at $27.1750. Mitsubishi Heavy Industries shares last traded at $26.6750, with a volume of 1,463 shares trading hands.

Mitsubishi Heavy Industries Trading Down 2.6%

The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $27.55 and its two-hundred day moving average price is $25.66. The stock has a market capitalization of $89.13 billion, a P/E ratio of 52.84 and a beta of 0.53.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its earnings results on Friday, November 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm 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%.

Mitsubishi Heavy Industries Company Profile

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.