Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – What’s Next?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped down before the market opened on Thursday . The stock had previously closed at $36.90, but opened at $35.00. Kawasaki Heavy Industries shares last traded at $34.4960, with a volume of 11,220 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Kawasaki Heavy Industries presently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Trading Down 6.3%

The business’s 50 day simple moving average is $28.89 and its two-hundred day simple moving average is $27.97. The stock has a market cap of $14.49 billion, a P/E ratio of 22.61 and a beta of 0.70. The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings data on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.36 billion.

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.