Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Strong Trading Volume – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares saw unusually-high trading volume on Thursday . Approximately 51,780 shares changed hands during trading, a decline of 14% from the previous session’s volume of 60,157 shares.The stock last traded at $39.50 and had previously closed at $40.98.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12. The company has a 50 day moving average price of $40.70 and a 200 day moving average price of $32.66. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 23.12 and a beta of 0.63.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

About Kawasaki Heavy Industries

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.