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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down before the market opened on Tuesday . The stock had previously closed at $40.4250, but opened at $38.20. Kawasaki Heavy Industries shares last traded at $38.41, with a volume of 7,136 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kawasaki Heavy Industries currently has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The firm has a fifty day moving average of $40.42 and a 200 day moving average of $32.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 21.99 and a beta of 0.63.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.40. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.40% 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.