Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Time to Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $24.7850, but opened at $26.70. Mitsubishi Heavy Industries shares last traded at $25.65, with a volume of 687 shares changing hands.

Mitsubishi Heavy Industries Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $86.16 billion, a price-to-earnings ratio of 51.08 and a beta of 0.50. The firm has a 50-day simple moving average of $27.45 and a two-hundred day simple moving average of $25.23.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Mitsubishi Heavy Industries had a net margin of 4.92% and a return on equity of 10.23%. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $1,282.47 billion.

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.