Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Time to Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $38.81, but opened at $45.00. Kawasaki Heavy Industries shares last traded at $44.02, with a volume of 18,710 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Kawasaki Heavy Industries Stock Up 15.7%

The stock’s fifty day simple moving average is $30.89 and its two-hundred day simple moving average is $28.55. The stock has a market capitalization of $18.80 billion, a P/E ratio of 29.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.14.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (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 business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.36 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.