Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Still a Buy?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Friday. The stock had previously closed at $5.99, but opened at $6.19. Kawasaki Heavy Industries shares last traded at $6.06, with a volume of 4,455 shares.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein started coverage on shares of Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Up 1.5%

The firm has a 50 day moving average of $6.54 and a two-hundred day moving average of $12.26. The stock has a market capitalization of $13.33 billion, a PE ratio of 23.38 and a beta of 0.74. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and supplies transportation equipment, machinery, infrastructure systems and other advanced industrial products. The company traces its origins to a shipyard established by Shozo Kawasaki in 1878 and was incorporated as Kawasaki Dockyard in 1896.

The company operates across several business areas, including aerospace systems, rolling stock, energy and environmental solutions, precision machinery and robotics, shipbuilding, and motorcycles and engines.