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 Friday . The stock had previously closed at $23.2750, but opened at $24.3250. Mitsubishi Heavy Industries shares last traded at $23.65, with a volume of 3,072 shares.

Mitsubishi Heavy Industries Price Performance

The company has a market cap of $79.79 billion, a P/E ratio of 36.39 and a beta of 0.48. The company has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $27.73. 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 (OTCMKTS:MHVYF) last released its earnings results on Tuesday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.43 billion. Mitsubishi Heavy Industries had a return on equity of 11.74% and a net margin of 5.89%.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

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

Mitsubishi Heavy Industries Company Profile

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.