Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Up 8% – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price shot up 8% during trading on Wednesday . The company traded as high as $8.20 and last traded at $8.1950. 6,392 shares traded hands during trading, a decline of 98% from the average session volume of 278,924 shares. The stock had previously closed at $7.59.

Analyst Ratings Changes

A number of research firms recently commented on KWHIY. The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Zacks Research cut Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kawasaki Heavy Industries presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The company’s 50-day simple moving average is $9.14 and its 200-day simple moving average is $26.43. 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 capitalization of $17.21 billion, a price-to-earnings ratio of 23.70 and a beta of 0.71.

Kawasaki Heavy Industries Company Profile

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.