Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Still a Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $24.2650, but opened at $25.46. Mitsubishi Heavy Industries shares last traded at $25.46, with a volume of 194 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. UBS Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Mitsubishi Heavy Industries Stock Performance

The firm has a market capitalization of $85.89 billion, a PE ratio of 33.50 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98. The stock has a 50-day moving average price of $24.99 and a 200-day moving average price of $25.64.

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

Institutional Trading of Mitsubishi Heavy Industries

An institutional investor recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. purchased a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $28,000.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) is a Japan-based industrial company that develops and manufactures large-scale equipment, systems and infrastructure for customers worldwide. Its roots trace to the establishment of the Nagasaki Shipyard in 1884, while the modern company was formed in 1934 through the merger of Mitsubishi Shipbuilding and Mitsubishi Aircraft.

The company’s activities include power-generation equipment and energy systems, including gas turbines, steam turbines, nuclear-power technologies and related services.