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

Shares of 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 traded.

Analysts Set New Price Targets

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

Kawasaki Heavy Industries Trading Up 8.4%

The firm has a market cap of $15.77 billion, a P/E ratio of 21.71 and a beta of 0.74. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $7.65 and its 200 day simple moving average is $24.57.

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.