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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up prior to trading on Monday . The stock had previously closed at $6.93, but opened at $7.44. Kawasaki Heavy Industries shares last traded at $7.50, with a volume of 67,520 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 4.3%

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73. The business’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $24.26. The stock has a market cap of $15.07 billion, a P/E ratio of 20.75 and a beta of 0.74.

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.