Kawasaki Kisen Kaisha, Ltd. (OTCMKTS:KAIKY – Get Free Report) shares were down 8.6% during mid-day trading on Wednesday. The company traded as low as $20.15 and last traded at $20.15. Approximately 1,687 shares traded hands during trading, an increase of 74% from the average session volume of 970 shares. The stock had previously closed at $22.05.
Kawasaki Kisen Kaisha Price Performance
The company’s 50 day moving average price is $17.91 and its 200-day moving average price is $16.85.
About Kawasaki Kisen Kaisha
Kawasaki Kisen Kaisha, Ltd., commonly known as “K” Line, is a Japanese maritime transportation company headquartered in Tokyo. Founded in 1919, the company provides ocean shipping and related logistics services to customers in Japan and international markets.
Its business activities include the transportation of automobiles and other vehicles, dry bulk commodities, crude oil, petroleum products, chemicals, liquefied natural gas and other energy resources. The company also provides vessel management, logistics and related maritime services, supporting the movement of industrial materials and finished goods through global supply chains.
“K” Line previously operated container shipping services, but its container business was integrated into Ocean Network Express, a joint venture established with Mitsui O.S.K.
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