Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Down – Should You Sell?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $24.30, but opened at $23.10. Mitsubishi Heavy Industries shares last traded at $23.35, with a volume of 29,425 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MHVYF. UBS Group cut shares of Mitsubishi Heavy Industries from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, May 21st. The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th.

Mitsubishi Heavy Industries Trading Down 3.7%

The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 0.34. The firm has a market cap of $78.93 billion, a PE ratio of 48.74 and a beta of 0.52. The company’s 50-day moving average is $21.14 and its 200 day moving average is $17.25.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $10.42 billion. Mitsubishi Heavy Industries had a net margin of 4.87% and a return on equity of 10.01%.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.