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

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Tuesday . The stock had previously closed at $46.51, but opened at $44.00. Kawasaki Heavy Industries shares last traded at $44.20, with a volume of 15,039 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The stock has a market cap of $18.68 billion, a P/E ratio of 25.78 and a beta of 0.69. The business’s 50 day moving average price is $34.84 and its two-hundred day moving average price is $29.82. 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 issued its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.40. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.65% and a net margin of 4.74%.

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.