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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s share price gapped down before the market opened on Monday. The stock had previously closed at $5.5080, but opened at $5.21. Kawasaki Heavy Industries shares last traded at $5.21, with a volume of 870 shares.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on KWHIY

Kawasaki Heavy Industries Stock Up 0.0%

The company has a market capitalization of $11.77 billion, a P/E ratio of 15.52 and a beta of 0.95. The firm’s 50 day moving average price is $5.91 and its two-hundred day moving average price is $16.22. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38.

Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $3.33 billion.

About Kawasaki Heavy Industries

(Get Free Report)

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.

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