Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Reaches New 52-Week High – Time to Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.55 and last traded at $15.91, with a volume of 7023 shares traded. The stock had previously closed at $15.47.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th.

Mitsubishi Heavy Industries Stock Performance

The stock’s 50-day moving average price is $14.30 and its 200 day moving average price is $14.31. The firm has a market cap of $53.68 billion, a P/E ratio of 38.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.85.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.13 EPS for the quarter. Mitsubishi Heavy Industries had a net margin of 5.17% and a return on equity of 10.66%.

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.