Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Up 13% – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s stock price shot up 13% on Tuesday . The stock traded as high as $8.59 and last traded at $8.5420. 50,213 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 286,443 shares. The stock had previously closed at $7.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KWHIY. Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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Kawasaki Heavy Industries Stock Up 12.7%

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67. The business’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $28.71. The company has a market capitalization of $17.88 billion, a PE ratio of 24.62 and a beta of 0.74.

Kawasaki Heavy Industries Company Profile

(Get Free Report)

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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