Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Down 4.8% Following Weak Earnings

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price was down 4.8% during trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $28.50 and last traded at $28.65. Approximately 1,368 shares were traded during trading, a decline of 98% from the average daily volume of 63,705 shares. The stock had previously closed at $30.11.

The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.23% and a net margin of 4.92%.

Mitsubishi Heavy Industries Stock Down 1.5%

The business’s 50 day moving average is $27.12 and its 200 day moving average is $24.64. The stock has a market cap of $96.66 billion, a price-to-earnings ratio of 57.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.22.

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.