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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Wednesday . The stock had previously closed at $7.50, but opened at $6.94. Kawasaki Heavy Industries shares last traded at $6.94, with a volume of 14,230 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kawasaki Heavy Industries has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $7.59 and its 200 day moving average price is $23.96. The company has a market cap of $14.36 billion, a P/E ratio of 19.77 and a beta of 0.74.

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.