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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.0450, but opened at $6.4499. Kawasaki Heavy Industries shares last traded at $6.2450, with a volume of 50,411 shares trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a report on Tuesday. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Kawasaki Heavy Industries Trading Up 2.3%

The company has a 50 day moving average of $6.63 and a 200 day moving average of $13.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 23.88 and a beta of 0.74.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and supplies transportation equipment, machinery, infrastructure systems and other advanced industrial products. The company traces its origins to a shipyard established by Shozo Kawasaki in 1878 and was incorporated as Kawasaki Dockyard in 1896.

The company operates across several business areas, including aerospace systems, rolling stock, energy and environmental solutions, precision machinery and robotics, shipbuilding, and motorcycles and engines.