Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 52-Week Low – Here’s What Happened

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) reached a new 52-week low during trading on Wednesday. The company traded as low as $20.34 and last traded at $20.90, with a volume of 2,352 shares. The stock had previously closed at $21.30.

Analysts Set New Price Targets

MHVYF has been the subject of a number of research reports. UBS Group raised shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein assumed coverage on Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Mitsubishi Heavy Industries Price Performance

The company has a market capitalization of $70.24 billion, a price-to-earnings ratio of 27.40 and a beta of 0.52. The business has a fifty day moving average price of $24.03 and a 200 day moving average price of $26.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 12.97%. The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.09 billion.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial engineering and manufacturing company that develops and supplies large-scale equipment, systems and infrastructure for customers around the world. Its operations span energy, industrial machinery, infrastructure, transportation, aerospace and defense.

The company provides gas turbines, steam turbines, boilers, power-generation systems and carbon-reduction technologies, as well as machinery and systems used in factories, logistics operations and environmental applications.