Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Down 5.4% – Time to Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price was down 5.4% during mid-day trading on Friday . The company traded as low as $7.6350 and last traded at $7.50. Approximately 9,490 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 286,342 shares. The stock had previously closed at $7.93.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KWHIY shares. Zacks Research cut shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group cut shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 21.85 and a beta of 0.74. The stock has a 50 day moving average of $20.78 and a 200 day moving average of $29.05. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.

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.