Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Should You Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.28, but opened at $7.75. Kawasaki Heavy Industries shares last traded at $8.03, with a volume of 18,561 shares.

Analyst Ratings Changes

KWHIY has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Zacks Research cut shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Kawasaki Heavy Industries Price Performance

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 firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 21.85 and a beta of 0.74. The business’s fifty day simple moving average is $20.12 and its 200 day simple moving average is $28.90.

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.