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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $41.03, but opened at $43.55. Kawasaki Heavy Industries shares last traded at $41.90, with a volume of 9,571 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 3.0%

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.66. The firm’s 50 day moving average price is $38.48 and its 200 day moving average price is $31.10. The stock has a market capitalization of $16.92 billion, a P/E ratio of 23.36 and a beta of 0.63.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 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.