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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.47, but opened at $8.09. Kawasaki Heavy Industries shares last traded at $8.20, with a volume of 7,832 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The firm has a market capitalization of $17.21 billion, a PE ratio of 23.70 and a beta of 0.74. The firm’s fifty day moving average price is $27.86 and its 200 day moving average price is $30.61. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.40. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

About Kawasaki Heavy Industries

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.