The Goldman Sachs Group Upgrades Mitsubishi Heavy Industries (OTCMKTS:MHVYF) to Strong-Buy

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Mitsubishi Heavy Industries Price Performance

Shares of Mitsubishi Heavy Industries stock opened at $16.76 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.85. The business’s 50 day simple moving average is $14.14 and its two-hundred day simple moving average is $14.21. The stock has a market capitalization of $56.53 billion, a P/E ratio of 32.41 and a beta of 0.76. Mitsubishi Heavy Industries has a one year low of $7.99 and a one year high of $17.00.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.13 EPS for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.

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.