Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Should You Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) shares gapped up before the market opened on Monday . The stock had previously closed at $23.32, but opened at $24.99. Mitsubishi Heavy Industries shares last traded at $24.99, with a volume of 760 shares changing hands.

Mitsubishi Heavy Industries Trading Up 9.5%

The company has a 50 day moving average of $25.15 and a two-hundred day moving average of $27.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.28. The stock has a market capitalization of $86.15 billion, a PE ratio of 39.29 and a beta of 0.48.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its earnings results on Tuesday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.43 billion. Mitsubishi Heavy Industries had a return on equity of 11.74% and a net margin of 5.89%.

Hedge Funds Weigh In On Mitsubishi Heavy Industries

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) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $28,000.

Mitsubishi Heavy Industries Company Profile

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.