Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Time to Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $5.71, but opened at $5.49. Kawasaki Heavy Industries shares last traded at $5.74, with a volume of 2,318 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Up 0.2%

The company has a market cap of $12.50 billion, a price-to-earnings ratio of 16.45 and a beta of 0.81. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $6.15 and its 200-day moving average price is $7.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.