Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 1-Year High – Time to Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $59,000.00 and last traded at $59,000.00, with a volume of 61 shares changing hands. The stock had previously closed at $29.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Mitsubishi Heavy Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Mitsubishi Heavy Industries Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.27. The company has a market cap of $199.05 trillion, a P/E ratio of 118,000.00 and a beta of 0.48. The firm has a 50 day moving average of $26.96 and a 200-day moving average of $26.63.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its earnings results 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). Mitsubishi Heavy Industries had a net margin of 4.63% and a return on equity of 10.04%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $1,282.47 billion.

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.