Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Hits New 12-Month High – Here’s What Happened

Shares of Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) reached a new 52-week high during trading on Thursday . The company traded as high as $17.00 and last traded at $16.76, with a volume of 37969 shares trading hands. The stock had previously closed at $15.46.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Mitsubishi Heavy Industries Stock Performance

The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The company has a market cap of $57.35 billion, a P/E ratio of 32.41 and a beta of 0.76. The company has a 50 day moving average price of $14.25 and a 200-day moving average price of $14.26.

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

About Mitsubishi Heavy Industries

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.