Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Friday . The stock had previously closed at $25.90, but opened at $25.18. Kawasaki Heavy Industries shares last traded at $25.31, with a volume of 9,619 shares traded.

Kawasaki Heavy Industries Trading Down 2.1%

The company has a market capitalization of $10.62 billion, a P/E ratio of 20.96 and a beta of 0.85. The company has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $27.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Kawasaki Heavy Industries had a return on equity of 10.50% and a net margin of 3.49%.The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.36 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.