Kawasaki Heavy Industries (OTCMKTS:KWHIY) Reaches New 1-Year High – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $48.66 and last traded at $45.85, with a volume of 11383 shares changing hands. The stock had previously closed at $46.50.

Analyst Ratings Changes

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

Kawasaki Heavy Industries Stock Performance

The stock has a 50 day moving average of $36.15 and a two-hundred day moving average of $30.27. The stock has a market capitalization of $19.28 billion, a PE ratio of 26.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its earnings results on Monday, February 9th. The industrial products company reported $0.68 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 13.65% and a net margin of 4.74%.

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.