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

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Wednesday . The stock had previously closed at $35.27, but opened at $37.86. Kawasaki Heavy Industries shares last traded at $36.6550, with a volume of 13,583 shares.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Kawasaki Heavy Industries Trading Up 3.7%

The firm has a fifty day moving average of $28.70 and a 200 day moving average of $27.91. The firm has a market capitalization of $15.32 billion, a PE ratio of 23.92 and a beta of 0.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.14.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings data 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). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.

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.