Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Large Volume Increase – Still a Buy?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw unusually-high trading volume on Friday . Approximately 587,907 shares changed hands during trading, an increase of 781% from the previous session’s volume of 66,769 shares.The stock last traded at $39.8280 and had previously closed at $41.83.

Analysts Set New Price Targets

Separately, Zacks Research lowered Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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 firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 23.12 and a beta of 0.63. The company’s 50 day moving average is $37.35 and its 200-day moving average is $30.67.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.65% and a net margin of 4.74%.The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion.

Kawasaki Heavy Industries Company Profile

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.