Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sets New 52-Week Low – Here’s What Happened

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) reached a new 52-week low during trading on Friday. The stock traded as low as $4.5710 and last traded at $4.58, with a volume of 8,037 shares trading hands. The stock had previously closed at $5.01.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Kawasaki Heavy Industries presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 8.3%

The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38. The company has a market cap of $9.98 billion, a PE ratio of 17.50 and a beta of 0.95. The business’s 50-day simple moving average is $5.70 and its 200-day simple moving average is $15.04.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Tuesday, November 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.45 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.