Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

Mitsubishi Heavy Industries Trading Down 2.5%

MHVYF stock opened at $29.00 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.27. Mitsubishi Heavy Industries has a twelve month low of $12.20 and a twelve month high of $32.05. The company has a market cap of $97.84 billion, a P/E ratio of 58.00 and a beta of 0.48. The business has a fifty day moving average of $26.50 and a 200-day moving average of $26.28.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $1,282.47 billion. Mitsubishi Heavy Industries had a net margin of 4.63% and a return on equity of 10.04%.

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.