Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Down 5.4% – Time to Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price traded down 5.4% on Friday . The stock traded as low as $7.6350 and last traded at $7.50. 9,490 shares changed hands during trading, a decline of 97% from the average session volume of 286,342 shares. The stock had previously closed at $7.93.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research cut Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The company has a fifty day moving average of $20.78 and a 200 day moving average of $29.05. The firm has a market capitalization of $15.87 billion, a P/E ratio of 21.85 and a beta of 0.74. 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

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.