Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Time to Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Friday. The stock had previously closed at $5.53, but opened at $5.77. Kawasaki Heavy Industries shares last traded at $5.7750, with a volume of 18,986 shares traded.

Analyst Ratings Changes

Separately, Sanford C. Bernstein began coverage on Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The stock’s fifty day simple moving average is $6.25 and its 200 day simple moving average is $8.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70. The firm has a market capitalization of $12.54 billion, a P/E ratio of 22.00 and a beta of 0.81.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.33 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.