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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $5.71, but opened at $5.49. Kawasaki Heavy Industries shares last traded at $5.74, with a volume of 2,318 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Kawasaki Heavy Industries has an average rating of “Hold”.

Check Out Our Latest Stock Report on KWHIY

Kawasaki Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16. The stock has a market capitalization of $12.42 billion, a P/E ratio of 21.79 and a beta of 0.81. The firm has a 50-day moving average price of $6.20 and a 200 day moving average price of $8.20.

Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.33 billion.

Kawasaki Heavy Industries Company Profile

(Get Free Report)

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.

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