Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Up 10.5% – Time to Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) rose 10.5% during trading on Thursday. The stock traded as high as $22.74 and last traded at $22.74. 867 shares traded hands during trading, a decline of 97% from the average session volume of 27,059 shares. The stock had previously closed at $20.57.

Analyst Upgrades and Downgrades

MHVYF has been the subject of a number of analyst reports. 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. Sanford C. Bernstein assumed coverage on shares of Mitsubishi Heavy Industries in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Mitsubishi Heavy Industries Stock Performance

The stock has a market cap of $63.76 billion, a P/E ratio of 24.87 and a beta of 0.52. The firm has a 50 day moving average of $23.66 and a two-hundred day moving average of $26.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.26.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued 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 company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.09 billion.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. is a Japan-based engineering and manufacturing company with roots in shipbuilding dating to 1884. It develops and supplies equipment, systems and services for industrial, commercial and public-sector customers in Japan and international markets.

The company’s businesses include energy systems such as power-generation equipment, machinery and infrastructure, and logistics and thermal systems, including material-handling equipment and air-conditioning products.