Kawasaki Heavy Industries (OTCMKTS:KWHIY) Trading Down 10.7% – Time to Sell?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) fell 10.7% during mid-day trading on Friday . The company traded as low as $32.9550 and last traded at $32.9550. 999 shares traded hands during trading, a decline of 98% from the average session volume of 42,814 shares. The stock had previously closed at $36.90.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Price Performance

The stock has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $28.02. The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70.

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

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.