Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Sets New 52-Week Low – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $18.30 and last traded at $18.87, with a volume of 1,732 shares trading hands. The stock had previously closed at $19.7250.

Analysts Set New Price Targets

A number of brokerages have commented on MHVYF. Sanford C. Bernstein started coverage on shares of Mitsubishi Heavy Industries in a report on Tuesday, September 15th. They issued an “outperform” rating for the company. UBS Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Mitsubishi Heavy Industries Stock Down 6.1%

The company has a market capitalization of $62.51 billion, a price-to-earnings ratio of 24.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.26. The business’s 50 day moving average is $23.29 and its 200 day moving average is $26.17.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. is a Japan-based engineering and manufacturing company with roots in shipbuilding dating to 1884. It develops and supplies equipment, systems and services for industrial, commercial and public-sector customers in Japan and international markets. The company’s businesses include energy systems such as power-generation equipment, machinery and infrastructure, and logistics and thermal systems, including material-handling equipment and air-conditioning products. It also operates in aerospace and defense, with activities that include aircraft-related products, defense equipment and space systems.