Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Up 11.3% – Should You Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price rose 11.3% during trading on Tuesday . The stock traded as high as $29.7850 and last traded at $29.69. Approximately 5,305 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 44,350 shares. The stock had previously closed at $26.67.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The company has a 50 day simple moving average of $28.22 and a 200-day simple moving average of $27.62. The stock has a market capitalization of $12.44 billion, a P/E ratio of 19.41 and a beta of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data 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 firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations 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.