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

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up prior to trading on Thursday . The stock had previously closed at $6.0450, but opened at $6.4499. Kawasaki Heavy Industries shares last traded at $6.2450, with a volume of 50,411 shares trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a report on Tuesday. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The firm has a fifty day moving average price of $6.63 and a 200 day moving average price of $13.84. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13.61 billion, a PE ratio of 23.88 and a beta of 0.74.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and supplies transportation equipment, machinery, infrastructure systems and other advanced industrial products. The company traces its origins to a shipyard established by Shozo Kawasaki in 1878 and was incorporated as Kawasaki Dockyard in 1896.

The company operates across several business areas, including aerospace systems, rolling stock, energy and environmental solutions, precision machinery and robotics, shipbuilding, and motorcycles and engines.