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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.47, but opened at $8.09. Kawasaki Heavy Industries shares last traded at $8.20, with a volume of 7,832 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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Kawasaki Heavy Industries Stock Down 3.2%

The firm’s 50-day moving average price is $27.86 and its two-hundred day moving average price is $30.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12. The firm has a market cap of $17.21 billion, a PE ratio of 23.70 and a beta of 0.74.

Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last posted its earnings results on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 billion.

About Kawasaki Heavy Industries

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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.

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