Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.80 and traded as high as $29.99. Kawasaki Heavy Industries shares last traded at $29.89, with a volume of 38,146 shares traded.

Kawasaki Heavy Industries Trading Up 8.9%

The stock has a 50-day moving average of $25.80 and a two-hundred day moving average of $26.35. The company has a market cap of $12.52 billion, a P/E ratio of 24.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its earnings results on Wednesday, August 6th. The industrial products company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.26). Kawasaki Heavy Industries had a return on equity of 10.50% and a net margin of 3.49%.The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $460 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.