Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $38.81, but opened at $45.00. Kawasaki Heavy Industries shares last traded at $44.02, with a volume of 18,710 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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Kawasaki Heavy Industries Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $30.89 and a two-hundred day simple moving average of $28.55. The stock has a market cap of $18.80 billion, a PE ratio of 29.35 and a beta of 0.69.

Kawasaki Heavy Industries (OTCMKTS:KWHIYGet Free Report) last posted its quarterly earnings data on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.

Kawasaki Heavy Industries Company Profile

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Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.

Further Reading

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