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 Tuesday . The stock had previously closed at $29.16, but opened at $31.8699. Mitsubishi Heavy Industries shares last traded at $31.8699, with a volume of 242 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Mitsubishi Heavy Industries Trading Down 4.0%

The firm has a market cap of $97.99 billion, a P/E ratio of 51.87 and a beta of 0.55. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $29.82 and its two-hundred day moving average price is $28.81.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.86 billion. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

An institutional investor recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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.