Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) shares traded down 6.7% during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $4.98 and last traded at $5.00. 4,241 shares traded hands during trading, a decline of 99% from the average session volume of 300,401 shares. The stock had previously closed at $5.36.
The industrial products company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.45 billion.
Analyst Ratings Changes
Separately, Sanford C. Bernstein assumed coverage on shares of Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Hold rating. According to MarketBeat.com, Kawasaki Heavy Industries presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Kawasaki Heavy Industries
Kawasaki Heavy Industries Trading Down 6.9%
The business has a 50-day simple moving average of $5.78 and a two-hundred day simple moving average of $15.47. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 19.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70.
About Kawasaki Heavy Industries
Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.
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