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

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $23.32, but opened at $24.99. Mitsubishi Heavy Industries shares last traded at $24.99, with a volume of 760 shares traded.

Mitsubishi Heavy Industries Stock Performance

The company has a market capitalization of $81.98 billion, a PE ratio of 37.39 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $27.83.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. Mitsubishi Heavy Industries had a return on equity of 11.74% and a net margin of 5.89%.The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.43 billion.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

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

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.