Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Large Volume Increase – Still a Buy?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw unusually-high trading volume on Monday . Approximately 351,432 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 272,520 shares.The stock last traded at $6.36 and had previously closed at $6.45.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 3.5%

The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $13.44 billion, a P/E ratio of 23.58 and a beta of 0.75. The business’s fifty day simple moving average is $6.86 and its two-hundred day simple moving average is $16.90.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

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.