Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 52-Week Low – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price reached a new 52-week low during trading on Friday. The company traded as low as $4.5710 and last traded at $4.58, with a volume of 8,037 shares. The stock had previously closed at $5.01.

Analyst Ratings Changes

Separately, Sanford C. Bernstein started coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16. The firm has a market cap of $9.91 billion, a P/E ratio of 17.38 and a beta of 0.95. The business’s 50-day simple moving average is $5.74 and its 200 day simple moving average is $15.19.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its earnings results on Tuesday, November 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.45 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.