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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $35.27, but opened at $37.86. Kawasaki Heavy Industries shares last traded at $36.6550, with a volume of 13,583 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Kawasaki Heavy Industries Price Performance

The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 23.92 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company’s 50 day simple moving average is $28.70 and its 200-day simple moving average is $27.91.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.

Kawasaki Heavy Industries Company Profile

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.