Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 1-Year High – Time to Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price reached a new 52-week high on Friday . The stock traded as high as $38.50 and last traded at $38.50, with a volume of 19177 shares trading hands. The stock had previously closed at $34.93.

Wall Street Analysts Forecast Growth

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

Kawasaki Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.14. The stock’s 50-day moving average is $30.63 and its two-hundred day moving average is $28.48. The stock has a market cap of $16.31 billion, a PE ratio of 25.45 and a beta of 0.69.

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

About Kawasaki Heavy Industries

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.