Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 5.3% – Time to Sell?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares dropped 5.3% during mid-day trading on Tuesday . The company traded as low as $28.95 and last traded at $30.4650. Approximately 1,724 shares were traded during trading, a decline of 94% from the average daily volume of 31,236 shares. The stock had previously closed at $32.1825.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Mitsubishi Heavy Industries Price Performance

The stock has a market cap of $104.35 billion, a PE ratio of 55.23 and a beta of 0.47. The company’s 50 day moving average is $28.78 and its 200-day moving average is $27.46. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.86 billion. Mitsubishi Heavy Industries had a return on equity of 11.07% and a net margin of 5.21%.

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.