Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Hits New 1-Year High – What’s Next?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) hit a new 52-week high on Tuesday . The company traded as high as $20.49 and last traded at $20.29, with a volume of 10182 shares trading hands. The stock had previously closed at $20.11.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Mitsubishi Heavy Industries Price Performance

The firm has a market cap of $68.46 billion, a PE ratio of 42.28 and a beta of 0.49. The stock’s fifty day moving average price is $18.29 and its 200-day moving average price is $15.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.20.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its earnings results on Friday, May 9th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Mitsubishi Heavy Industries had a net margin of 5.17% and a return on equity of 10.66%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $10.42 billion.

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.