Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 52-Week High – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $35.99 and last traded at $35.1150, with a volume of 8533 shares trading hands. The stock had previously closed at $35.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Kawasaki Heavy Industries Stock Performance

The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 22.55 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $28.89 and a two-hundred day simple moving average of $27.97.

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

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.