Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF – Get Free Report) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $18.30 and last traded at $18.87, with a volume of 1,732 shares traded. The stock had previously closed at $19.7250.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MHVYF. Sanford C. Bernstein started coverage on Mitsubishi Heavy Industries in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. UBS Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mitsubishi Heavy Industries has a consensus rating of “Buy”.
Read Our Latest Research Report on Mitsubishi Heavy Industries
Mitsubishi Heavy Industries Stock Performance
The firm has a fifty day moving average of $23.29 and a 200 day moving average of $26.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98. The stock has a market capitalization of $62.51 billion, a price-to-earnings ratio of 24.38 and a beta of 0.52.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. is a Japan-based engineering and manufacturing company with roots in shipbuilding dating to 1884. It develops and supplies equipment, systems and services for industrial, commercial and public-sector customers in Japan and international markets. The company’s businesses include energy systems such as power-generation equipment, machinery and infrastructure, and logistics and thermal systems, including material-handling equipment and air-conditioning products. It also operates in aerospace and defense, with activities that include aircraft-related products, defense equipment and space systems.
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