Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Should You Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.47, but opened at $8.09. Kawasaki Heavy Industries shares last traded at $8.20, with a volume of 7,832 shares traded.

Analyst Ratings Changes

A number of research firms recently issued reports on KWHIY. Zacks Research lowered Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Kawasaki Heavy Industries has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The company’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $30.22. 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 stock has a market cap of $18.14 billion, a PE ratio of 24.97 and a beta of 0.74.

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

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.