Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down – Here’s Why

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped down prior to trading on Thursday . The stock had previously closed at $25.75, but opened at $24.90. Mitsubishi Heavy Industries shares last traded at $24.4250, with a volume of 1,925 shares changing hands.

Mitsubishi Heavy Industries Stock Down 0.2%

The firm’s 50-day moving average price is $27.44 and its 200 day moving average price is $25.76. The firm has a market capitalization of $84.17 billion, a price-to-earnings ratio of 49.90 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.27 and a quick ratio of 0.97.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $6.22 billion for the quarter, compared to analyst estimates 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, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.