Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Stock Price Up 8% – Still a Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) rose 8% during trading on Thursday . The stock traded as high as $31.00 and last traded at $30.95. Approximately 4,980 shares traded hands during trading, a decline of 86% from the average daily volume of 35,600 shares. The stock had previously closed at $28.67.

Mitsubishi Heavy Industries Stock Performance

The company’s fifty day simple moving average is $26.31 and its two-hundred day simple moving average is $26.05. 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 capitalization of $102.46 billion, a P/E ratio of 60.74 and a beta of 0.48.

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