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 Friday. The stock had previously closed at $5.99, but opened at $6.19. Kawasaki Heavy Industries shares last traded at $6.06, with a volume of 4,455 shares changing hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein began coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kawasaki Heavy Industries has an average rating of “Hold”.

Kawasaki Heavy Industries Trading Up 1.5%

The business’s 50-day moving average price is $6.54 and its two-hundred day moving average price is $12.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 23.38 and a beta of 0.74.

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

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and supplies transportation equipment, machinery, infrastructure systems and other advanced industrial products. The company traces its origins to a shipyard established by Shozo Kawasaki in 1878 and was incorporated as Kawasaki Dockyard in 1896.

The company operates across several business areas, including aerospace systems, rolling stock, energy and environmental solutions, precision machinery and robotics, shipbuilding, and motorcycles and engines.