Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Upgraded to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Mitsubishi Heavy Industries Stock Down 0.1%

OTCMKTS:MHVYF opened at $26.81 on Thursday. The company’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $27.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.28. Mitsubishi Heavy Industries has a fifty-two week low of $20.59 and a fifty-two week high of $34.50. The stock has a market capitalization of $90.44 billion, a P/E ratio of 35.27 and a beta of 0.50.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 13.20%. The firm had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.09 billion.

Institutional Trading of Mitsubishi Heavy Industries

An institutional investor recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. acquired a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and 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.