Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Should You Buy?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Friday. The stock had previously closed at $5.53, but opened at $5.77. Kawasaki Heavy Industries shares last traded at $5.7750, with a volume of 18,986 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on shares of Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The business’s fifty day simple moving average is $6.25 and its 200 day simple moving average is $8.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 22.00 and a beta of 0.81.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.