Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Should You Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares gapped up prior to trading on Thursday . The stock had previously closed at $31.1250, but opened at $32.45. Mitsubishi Heavy Industries shares last traded at $30.00, with a volume of 2,264 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Mitsubishi Heavy Industries Stock Down 0.6%

The stock has a market cap of $100.37 billion, a price-to-earnings ratio of 53.13 and a beta of 0.47. The business’s 50 day moving average is $29.87 and its 200-day moving average is $27.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.27.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Mitsubishi Heavy Industries had a net margin of 5.21% and a return on equity of 10.91%. The company had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.86 billion.

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.