Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up prior to trading on Monday . The stock had previously closed at $30.95, but opened at $33.08. Kawasaki Heavy Industries shares last traded at $33.00, with a volume of 2,510 shares trading hands.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The company has a market capitalization of $13.93 billion, a PE ratio of 21.73 and a beta of 0.70. The stock has a 50-day simple moving average of $28.15 and a 200 day simple moving average of $27.67.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.36 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.