Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – What’s Next?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down before the market opened on Monday . The stock had previously closed at $7.79, but opened at $7.45. Kawasaki Heavy Industries shares last traded at $7.4150, with a volume of 18,828 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on KWHIY. Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Three 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 Down 5.1%

The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 0.40. The firm has a market cap of $15.51 billion, a PE ratio of 21.36 and a beta of 0.74. The firm’s 50 day moving average is $23.47 and its 200-day moving average is $29.73.

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.