Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Up 6% – Here’s What Happened

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) were up 6% during mid-day trading on Monday . The stock traded as high as $47.25 and last traded at $47.02. Approximately 4,158 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 48,218 shares. The stock had previously closed at $44.37.

Analysts Set New Price Targets

Separately, Zacks Research raised Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Kawasaki Heavy Industries Price Performance

The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 27.14 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.14. The company has a 50 day moving average of $34.52 and a 200 day moving average of $29.71.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.65% and a net margin of 4.74%.The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion.

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.