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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.79, but opened at $7.45. Kawasaki Heavy Industries shares last traded at $7.4150, with a volume of 18,828 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KWHIY shares. Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. The Goldman Sachs Group lowered shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 2.7%

The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 20.84 and a beta of 0.74. The firm’s 50 day moving average is $22.13 and its 200 day moving average is $29.39. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.

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.