Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Raised to Strong-Buy at UBS Group

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Mitsubishi Heavy Industries Price Performance

Shares of MHVYF opened at $26.81 on Thursday. The firm has a market cap of $90.44 billion, a PE ratio of 35.27 and a beta of 0.50. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $23.93 and a two-hundred day simple moving average of $27.32. Mitsubishi Heavy Industries has a 1-year low of $20.59 and a 1-year high of $34.50.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating 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 Inflows and Outflows

A hedge fund recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new position in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.