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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $7.21, but opened at $7.55. Kawasaki Heavy Industries shares last traded at $7.61, with a volume of 2,472 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KWHIY. Zacks Research lowered 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 report on Tuesday, May 12th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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Kawasaki Heavy Industries Price Performance

The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 23.35 and a beta of 0.71. The business’s fifty day moving average price is $8.52 and its 200-day moving average price is $26.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67.

About Kawasaki Heavy Industries

(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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