Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Large Volume Increase – Here’s What Happened

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw strong trading volume on Wednesday . 49,865 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 38,978 shares.The stock last traded at $29.6750 and had previously closed at $29.70.

Kawasaki Heavy Industries Price Performance

The business’s fifty day moving average price is $28.18 and its 200-day moving average price is $27.63. The company has a market capitalization of $12.44 billion, a P/E ratio of 19.42 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.

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.