Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Down 5.9% – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price dropped 5.9% during mid-day trading on Wednesday . The company traded as low as $38.03 and last traded at $38.03. Approximately 327 shares traded hands during trading, a decline of 99% from the average daily volume of 63,775 shares. The stock had previously closed at $40.4250.

Analyst Upgrades and Downgrades

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

Kawasaki Heavy Industries Trading Down 1.4%

The firm’s 50 day moving average price is $40.36 and its 200-day moving average price is $32.16. 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 cap of $15.98 billion, a P/E ratio of 22.05 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 for the quarter, beating the consensus estimate 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 net margin of 4.74% and a return on equity of 13.40%.

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.