Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 5.3% – Here’s What Happened

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) traded down 5.3% during mid-day trading on Tuesday . The company traded as low as $28.95 and last traded at $30.4650. 1,724 shares traded hands during trading, a decline of 94% from the average session 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 note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi Heavy Industries currently has an average rating of “Moderate Buy”.

Mitsubishi Heavy Industries Stock Performance

The stock’s 50-day moving average price is $29.01 and its 200-day moving average price is $27.52. The company has a market capitalization of $105.84 billion, a price-to-earnings ratio of 56.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.86 billion. Mitsubishi Heavy Industries had a return on equity of 10.91% 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.