Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 1-Year High – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $35.10 and last traded at $34.01, with a volume of 6068 shares changing hands. The stock had previously closed at $33.35.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Stock Up 2.2%

The company has a market cap of $14.27 billion, a P/E ratio of 22.28 and a beta of 0.70. The stock has a 50-day moving average of $28.17 and a two-hundred day moving average of $27.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.14.

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