Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Trading 6.4% Higher – Time to Buy?

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) were up 6.4% during mid-day trading on Wednesday . The company traded as high as $25.2125 and last traded at $25.2125. Approximately 5,976 shares changed hands during trading, a decline of 79% from the average session volume of 28,793 shares. The stock had previously closed at $23.69.

Analyst Ratings Changes

Separately, UBS Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mitsubishi Heavy Industries has an average rating of “Buy”.

Mitsubishi Heavy Industries Stock Down 1.3%

The firm’s fifty day moving average price is $24.51 and its 200-day moving average price is $26.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 1.03. The firm has a market capitalization of $79.96 billion, a P/E ratio of 31.18 and a beta of 0.51.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its 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. The firm had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 13.20% and a net margin of 7.04%.

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) during the 1st quarter, according to its most recent 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 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.