Mitsubishi Heavy Industries (OTCMKTS:MHVYF – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07, Zacks reports. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%.
Mitsubishi Heavy Industries Trading Down 1.2%
Shares of MHVYF stock traded down $0.35 during mid-day trading on Tuesday, reaching $27.72. The company’s stock had a trading volume of 9,875 shares, compared to its average volume of 36,592. The company’s 50 day simple moving average is $29.72 and its 200-day simple moving average is $28.80. Mitsubishi Heavy Industries has a 12-month low of $17.15 and a 12-month high of $34.50. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $93.53 billion, a PE ratio of 49.51 and a beta of 0.55.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.
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.
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